Abstract: The new Law on Legal Profession was adopted after unnecessary prolongation and long preparations. The Law entered into force on May 17, 2011. The author has underlined the issues and practice related to adoption and application of the previous Law on Legal Profession 1998. After that, the author has compared and analyzed the new solutions and new concepts in the new law. That relates primarily to the conditions for registration, engagement of foreign lawyers, structure of bar associations within the Serbian Bar Association, status of the Vojvodina Bar Association, Attorneys Academy, bar exam and mandatory insurance for the attorneys. At the end the author has criticized certain solutions and certain understatements and contradictions, especially those that relate to the inconsistent use of key terms, unclear status of attorneys in partnerships, centralized tendencies in the distribution of competences and public authorities and lack of asymmetric status of the Vojvodina Bar Association.