Incorporated Legal Practices and Multi-Disciplinary Partnerships
The Legal Profession Act 2007 (the Act) like its counterpart legislation in the other states and territories allows law firms in Queensland a wider choice of business structures than the traditional sole practitioner and partnership arrangements. It allowed law firms from 1 July 2007 to form multi-disciplinary partnerships (MDPs) or to form companies and to trade as incorporated legal practices (ILPs), and it established a new framework for regulating their delivery of legal services.
In this part we provide information on:
- What are ILPs and MDPs;
- Obligations of legal practitioner directors;
- Our approach.