Cost Of Legal Services

In the last twelve to eighteen months several prosperous and well-established businesses have failed, largely as a result of the property market crash. Several companies were also forced to close in October last year when they were unable to obtain professional indemnity protection. Kent has the greatest number of small law firms in England than any other region. It’s provided with a variety of small High Street businesses providing consumer preference, competitiveness and local access. While most companies have endured it is unclear how many more businesses could perish after this year’s Legal Services Act comes into force. If you’re a professional member, the act’s name probably fills you with dread; if you’re a member of the public, you’ve never heard of it. Get the facts about Fisher & Fisher Law Offices LLC you can try this out.

The Legal Services Act will enable all kinds of large organizations such as supermarkets and banks to provide legal services to members of the public, the kind of legal services currently only available through the practices of lawyers. The logic is that this will provide more options and cheaper prices for the consumer. If that were true, however, the High Street would get awash with small, thriving local supermarkets. Then, as we all realize, supermarket chains except between supermarket chains have eliminated rivalry. Your local grocery store no longer exists (unless it’s run by Tesco, of course, and has the word Metro in its title) and many greengrocer and butcher struggle to survive.

Solicitors are currently asking themselves will Tesco be offering two divorces at one price and will they be offering Clubcard points with that? It’s only time to tell. And the rates, then? There’s a lot of competition now but that doesn’t turn into higher public rates. Scale economies dictate that Sainsbury, Tesco and the like should be able to provide legal services at a much lower cost than is currently available through the practice of your local lawyers. However the public will question themselves who is going to do my job, are they going to be eligible and will I ever get to see them? Eventually, what occurs when there are no small law firms left; the price will go up when there is no competition?