31st Jan 2014 10:24
LONDON (Alliance News) - Direct Line Insurance Group PLC Friday said the Solicitors Regulation Authority has authorised DLG Legal Services, the company it set up in partnership with Parabis Law LLP last July.
DLG was set up as an alternative business structure, which allows non-lawyers to own or partially own a law firm. The Solicitors Regulation Authority regulates solicitors in England and Wales.
Direct Line, in which Royal Bank of Scotland Group PLC is a major shareholder, said it expects to launch DLG Legal Services on March 3.
The launch will enable the insurer to extend the range of legal services it already offers to its customers.
RBS currently owns a 28.5% stake in Direct Line after selling 300 million shares in the company in September 2013.
Direct Line shares were Friday quoted at 266.00 pence, down 1.90 pence, or 0.7%.
By Samuel Agini; [email protected]; @samuelagini
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