From Ethics to Regulation: The Re-Organization and Re-Professionalization of Large Law Firms in the 21st Century

38 Pages Posted: 19 Apr 2010 Last revised: 22 Nov 2015

John Flood

Griffith University Law School; University of Westminster School of Law; University College London

Date Written: September 20, 2011

Abstract

The recent history of the legal profession is presented as one where the re-regulation of the profession, as epitomized in the Legal Services Act 2007, has placed the large law firm at the centre as a site of regulation in its own right. The legal profession has redefined its professional character from that of autonomous producers to employed lawyers who now exercise discretion within tightly constrained corporate limits. This is paralleled by the move away from individualistic codes of conduct towards entity-based regulation.

This is Version 1 of this paper and has a different emphasis from Version 2 which also available at SSRN. It is for this reason I have left both versions on SSRN. This paper has been revised in September 2011 to take account of changes occurring in the UK legal services regulation.

Keywords: ethics, regulation, Legal Services Act, large law firms

JEL Classification: J44

Suggested Citation

Flood, John, From Ethics to Regulation: The Re-Organization and Re-Professionalization of Large Law Firms in the 21st Century (September 20, 2011). Available at SSRN: https://ssrn.com/abstract=1592324 or http://dx.doi.org/10.2139/ssrn.1592324

John A. Flood (Contact Author)

Griffith University Law School ( email )

Nathan Campus
170 Kessels Road
Nathan 4111, Queensland
Australia

HOME PAGE: http://https://experts.griffith.edu.au/academic/j.flood

University of Westminster School of Law ( email )

4 Little Titchfield Street
London, England W1W 7UW
United Kingdom

HOME PAGE: http://www.westminster.ac.uk

University College London ( email )

Faculty of Laws
Endsleigh Gardens
London, England WC1H 0EG
United Kingdom

HOME PAGE: http://www.laws.ucl.ac.uk/people-at-ucl-laws/honorary-appointments/

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