Ownership

Ownership

I own my company with my partner who is not legally trained. Can you regulate my company?

Ans: We are only able to regulate firms owned and operated by individuals who are defined as Authorised Persons under the Legal Services Act 2007. Authorised Persons are Chartered Legal Executives, Solicitors, Barristers, Licensed Conveyancers, Costs Accounts Lawyers, Patent & Trademark Agents and those authorised by the ICAEW. We currently do not hold the authority to regulate alternative business structures (ABS).

I work in the legal sector but I am not a lawyer. Can you regulate my firm?

Ans: We are only able to regulate firms owned and operated by individuals who are defined as Authorised Persons under the Legal Services Act 2007. You could apply to CILEx Regulation to become an Authorised Person. We currently do not hold the authority to regulate alternative business structures (ABS).

If I work as a consultant can I obtain practice rights and do I need to become a regulated entity?

Ans: Yes, you can obtain practice rights as a consultant as long as you then deliver the reserved and regulated legal services through a regulated legal practice. You do not need to be regulated independently as an entity, as long as you are working for regulated legal practices. You will remain regulated by CILEx Regulation as an individual member of CILEx.

I am not a legal professional. Can you regulate a firm I run?

Ans: We are currently unable to regulate alternative business structures (ABS), although we will be submitting applications for these powers in late 2015. However, a number of non-members are considering setting up CILEx members/Authorised Persons in their own firms to be regulated by CILEx Regulation and provide legal services to their clients. These firms will be wholly owned by Authorised Persons.