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What is LawVest? It’s a question I’ve been asking those behind it for a bit but the information they have released to Legal Futures today has not made things a great deal clearer. They are keeping their model confidential for the time being, which is fair enough. But getting a firm like DLA Piper on board, and particularly Sir Nigel Knowles – who knows a thing or two about taking something small and making it very big – is a statement of significant intent.

Clients will in future gravitate to trusted brands but independent lawyers can continue to play a major role in providing legal services if they take the necessary steps, leading figures from five law firm networks have predicted.

Solicitors should not rely on clients who express a desire for local, personal services, Professor Stephen Mayson has warned. He also said the “insulting” distinction in law firms between fee-earners and support staff is holding them back.

The “inexcusable delay” in enabling the Solicitors Regulatory Authority to start licensing alternative business structures could make private investors think twice about entering the legal sector, the Legal Futures conference heard this week.

Big brand entrants to the legal market will have a “huge advantage” because of their vast client databases, the Chief Legal Ombudsman has warned. Adam Sampson said new entrants have an acute awareness how to utilise their existing clientele.