A defendant insurance law firm is to join forces with commercial claims handlers and loss adjusters within an alternative business structure to provide an outsourced service to insurance companies for professional indemnity claims.
A top north-west alternative business structure (ABS) has continued its expansion by moving into London. Fresh from its ABS licence approval in January, Stephensons is seizing on the “flexibility” of its new structure to muscle in on the London conveyancing market.
AIM-listed alternative business structure Quindell Portfolio has been forced to issue a statement that it knows of “no valid reason” for the sudden 45% fall in its share price. It was trading at 13.25p at the end of last week, but since issuing its 2012 results on Tuesday, the price had fallen to 7.34p.
A claims management company specialising in interest-rate swap mis-selling could become an alternative business structure in order to litigate its own cases. All Square Treasury has just announced the appointment of a legal director.
Corporate services provider Jordans has turned to the head of legal at a leading business process outsourcer to spearhead its planned alternative business structure. Debbie Farman, formerly legal director of Vertex, will lead a team of lawyers, paralegals and corporate compliance experts.
A legal advice charity in Leicester has become the first not-for-profit organisation to set up an alternative business structure (ABS), Legal Futures can reveal. The Community Advice and Law Service has won approval to launch Castle Park Solicitors Community Interest Company.
A law firm offering ‘click and collect’ legal services plans to double in size after securing its alternative business structure licence. Leeds firm Winston Solicitors originated as an online-only legal practice from managing partner Jonathan Winston’s spare room 10 years ago.
Requiring all 10,000 law firms to report non-material breaches to the Solicitors Regulation Authority is “unsustainable and cannot be justified”, the regulator’s board will be told today. Meanwhile, the number of firms and individuals facing action over COLP/COFA nomination failures has risen to 928.
Kathryn Mortimer, head of legal services for the DAS UK Group, has been named managing director of its new law firm, DAS Law. DAS Law was created after the legal expenses insurer was granted an alternative business structure licence.
Solicitors Regulation Authority (SRA) plans to issue guidance on the financial penalties it will impose on alternative business structures (ABSs) and those working in them are premature, the Law Society has claimed.