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Bill promotes choice for law firms
Simon Power
National Party Rangitikei MP
28 July 2005
Bill promotes choice for law firms
Law firms will have more choice about the way they organise their business dealings under a Private Member’s bill being promoted by National Party Rangitikei MP Simon Power.
“The purpose of the Law Practitioners (Corporatisation) Amendment Bill is to provide law firms, which currently practise as sole practitioners or in partnership, with the option of practising as companies under the Companies Act.
“It is important to provide options for greater flexibility in structure and ownership consistent with the maintenance of the professional standards that have always applied to the legal profession. Accountancy practices, for instance, enjoy such flexibility.
“In a rapidly globalising world, the legal profession needs to be allowed to do the same if it is to remain up to date and retain its relevance and standing.
“I look forward to Government support after my Bill was drawn out of the Parliamentary ballot this week.
“The legal profession was let down badly by the recent Lawyers and Conveyancers Bill. This will put the issue back on the table,” says Mr Power.
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