As a point of clarification to the opening paragraph of your post, in fact, no final decision has yet been made
concerning outside investment in law firms or whether or not to permit alternate business structures in BC.
When outside investment in law firms is permitted in the UK starting next year, LPOs are expected to attract investors who see the potential profitability of these new process - oriented services.
Premier Property Lawyers has become the first alternative business structure (ABS) in the UK
as outside investment in law firms brought about through the Legal Services Act (LSA) became possible from today (6 October).
Anyone who has an informed interest in alternative business structures (ABS)-- structures that
permit outside investment in law firms — will know that Australia, not the UK, was the first country to allow outside investment into law firms.
The Law Society of British Columbia has already made the same mistake as the American Bar Association recently made by declining to allow
outside investment in law firms.
Outside investment in law firms will soon be permitted in England and a conference on the implications of public ownership of global law firms is scheduled at Georgetown University Law School next April.