The Clementi Commission reforms appear closer than ever to reality, and their implementation could be as early as next year.  For those of you who are only recent visitors to "Adam Smith, Esq.," the UK's Clementi reforms will, in an utterly fascinating-to-watch real-world experiment, permit law firms to obtain capital from outside investors and even, mirabile dictu, go public through IPO's, as well as partner with accountants, management consultants, and others.

From a public-relations standpoint, the reforms are being touted as "absolutely consumer-driven," according to the BBC:  "I don't see why consumers should not be able to get legal services as easily as they can buy a tin of beans."   And for the first time, regulations will restrict "claims farms," a/k/a ambulance chasers.