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Home > Incorporated Legal Practices and Multi-Disciplinary Partnerships

Incorporated Legal Practices and Multi-Disciplinary Partnerships

The Legal Profession Act 2007 (the Act) allows law firms in Queensland greater flexibility in their choice of business structure than was the case previously. It specifically allows law firms the option to incorporate and to become multi-disciplinary partnerships.

The relevant sections of the Act came into effect on 1 July 2007 and mirror closely the counterpart provisions in the national model laws which seek to ensure a national consistency of approach to the provision of legal services.

What is an incorporated legal practice?

An incorporated legal practice (an ILP) is a corporation (typically a company within the meaning of the Corporations Act) that engages in legal practice, and that may provide other services in addition to legal services.

Importantly:

For more information about ILP’s, please refer to the QLS website.

For more information about the regulatory framework, go to REGULATING INCORPORATED LEGAL PRACTICES.

What is a multi-disciplinary partnership?

A multi-disciplinary partnership (MDP) is a partnership between one or more legal practitioners and one or more persons who are not legal practitioners, and whose partnership provides other services in addition to legal services.

Importantly:

For more information about MDP’s, please refer to the QLS website.

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Last updated 7/04/2008 2:31:11 PM