[9A Legal services bodies]

[9A  Legal services bodies]

[(1)     For the purposes of section 9, a “legal services body” means a body (corporate or unincorporate) in respect of which—

(a)     the management and control condition, and

(b)     the relevant lawyer condition,

are satisfied.

(2)     The management and control condition is satisfied if—

(a)     at least 75% of the body's managers are legally qualified,

(b)     the proportion of shares in the body held by persons who are legally qualified is at least 75%,

(c)     the proportion of voting rights in the body which persons who are legally qualified are entitled to exercise, or control the exercise of, is at least 75%,

(d)     all the persons with an interest in the body who are not legally qualified are managers of the body, and

(e)     all the managers of the body who are not legally qualified are individuals approved by the Society as suitable to be managers of a recognised body.

(3)     The Society may by rules under section 9 provide that, in relation to specified kinds of bodies, subsection (2) applies as if the references to 75% were to such greater percentage as may be specified (and different percentages may be specified for different kinds

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