Estate agents are not ready to take advantage of the forthcoming Legal Services Act – the so-called Tesco Law – as they are unaware of the opportunities it presents.
The Tesco Law, which comes into force on October 6, will allow businesses such as Homebase, the AA and Saga to offer a full range of legal services, including conveyancing, under their own brand for the first time.
But other businesses, including estate agents, could also take advantage of the change in the law, according to Eddie Goldsmith, partner at solicitors Goldsmith Williams.
He said: “This legislation will herald the biggest change in legal services delivery in a generation, and though the legal industry is getting to grips with it, we believe that businesses outside the sector could miss out on the opportunities it presents.
“Alternative Business Structures will allow forward-thinking businesses to diversify their offerings, providing the launch-pad for financial growth and safeguarding futures.”
The law firm is holding a conference, ‘The Legal Services Act – Taking the law into your own hands’, in London on June 27 at Holiday Inn in Regents Park. Tickets are £159, which includes lunch and refreshments.