A Law Society of Upper Canada working group on Alternative Business Structures (ABS) has released its findings in a report to the organisation’s governing body.

The report concludes that the current regulatory limitations on the delivery oflegal services in Ontario could be addressed with ‘thoughtful liberalization of business structures’. It puts forward four models for consideration and consultation:

  • entities that provide legal services only, and in which non-licensee owners are permitted an ownership share of up to 49 percent;
  • entities that provide legal services only, and in which there are no restrictions on nonlicensee ownership;
  • entities which may provide both legal services and non-legal services (except those identified by the Law Society as posing a regulatory risk), and in which non-licensee owners are permitted an ownership share of up to 49 percent; and
  • entities which may provide legal services as well as non-legal services (except those identified by the Law Society as posing a regulatory risk), and in which there are no restrictions on non-licensee ownership.

Read the full report.