Further questions

I don't want to change. Do I have to?

No. The Act is permissive legislation and does not require firms to change their structure but it creates options. If the traditional partnership model is the most effective for that business, that is the one which should remain. Not to allow change could lead to a drain of talent in Scotland and potentially lead to a downturn and demise of the Scottish legal sector to lasting effect, not only to the profession but to the Scottish economy as a whole. We want talent to remain in Scotland. The legal sector contributes an estimated £1.2 billion to the Scottish economy annually.