ABSolutely fabulous? An insight into Alternative Business Structures
Professional services – a sector worth £35bn to the UK alone – is being transformed, and not just by economic forces.
Legal market deregulation in the shape of Alternative Business Structures is disrupting the traditional model of legal services, setting the scene for a whole new era of innovation.
Or is it?
City law firm Fox Williams and legal researchers Jures asked 100 leading professional services firms for their thoughts on the impact of the Legal Services Act and their appetite for Alternative Business Structures. Now we would like to invite you to share and debate the sometimes surprising findings with our panel of experts in the field: George Bull Baker Tilly, Tina Williams Fox Williams, Neil Kinsella Russell Jones & Walker (part of Slater & Gordon), Steve Arundale RBS, Adam Shutkever Riverview Law, Nick Miller Sovereign Capital.
The panel will look at the different models of ABS, explore the likely impact of new entrants to the market and discuss our survey results. For instance, we asked our participating firm leaders:
- If they had changed their management strategy as a result of the introduction of ABS. You may be surprised at how many said ‘yes’
- What are the biggest barriers preventing law firms from converting to an ABS? ‘Loss of control’ was right up there as one of the reasons
- Are there compelling reasons for converting to an ABS? If so, what are they?
Please do join us for what will be an illuminating insight into law firm leaders’ current thinking, plans around this potentially transformative topic and receive a copy of the report written by leading legal journalist Jon Robins. We welcome any questions you may have for the panel too. To register please visit our registration site or contact schambers@foxwilliams.com
Date: Tuesday 26 June 2012
Venue: Fox Williams, Ten Dominion Street, London, EC2M 2EE
Event registration and networking: 08.00 – 09.00
Event commences: 09.00 – 11.30
Q&A: 11.30 – close
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Tags: ABS, Alternative business structures
Legal Futures Blog
Where are all the consumer ABSs?
Cracking the non-PI consumer legal market could be the biggest prize yet. So why, asks Simon Goldhill of Legal Futures Associate Simon Goldhill Consultancy, is everyone looking the other way?
Law is big business. According to the latest government figures, the UK market generates over £26bn per annum. Recent analyses suggest that just under half of that comes from the business and commercial sector. Of the rest, £3.5bn relates to personal injury (PI) and £1.5bn to crime. That means that the non-PI consumer legal market in the UK is worth around £8bn per annum. This is equivalent to the entire 2012 turnover of the UK’s creative, arts and entertainment services industry.
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