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The Solicitors Regulation Authority has granted KPMG 12 waivers from the rules governing solicitors, in what appears to be a work-around ahead of proposed new rules that will make it easier for multi-disciplinary practices to become alternative business structures.

Passing a two-day course will enable accountants to start offering probate law services to the public, after the Institute of Chartered Accountants in England and Wales yesterday officially received the power to regulate probate and licence alternative business structures.

Chartered accountants will be able to carry out reserved probate work themselves, without the need to instruct a solicitor, from next month, the Institute of Chartered Accountants in England and Wales (ICAEW) has said.

The Lord Chancellor yesterday approved the application by the Institute of Chartered Accountants in England and Wales (ICAEW) to become a regulator of probate services and licensing authority for alternative business structures.

Competition in the law is to increase further after the Legal Services Board backed accountants to handle reserved probate work and set up alternative business structures, as well as chartered legal executives to set up their own conveyancing and probate practices.