An alternative business structure is preparing to launch a group negligence action against conveyancers working for the developers and purchasers of ‘help to buy’ leasehold housing. Louie Burns, managing partner and co-owner of Leasehold Law, said the total damages claimed could potentially top £500m.
A company founded by an ex-Premier League footballer to help people buy and invest in overseas property has converted into an alternative business structure so as to bring legal work in-house. Judicare Law International also seeks to protect investors in foreign property from losing money to developers in collapsed schemes and scams.
The traditional law firm partnership structure is still dominant in the profession but the arrival of alternative business structures has disrupted the status quo and may eventually become the norm in high-volume legal services, according to research.
Freeing up the rules on licensing alternative business structures will help the Solicitors Regulation Authority deal with more complex applications, such as those from businesses that form part of a group or have private equity investment, it has told the government.
A family-run firm of funeral directors with 36 branches has become the first of its kind to set up an alternative business structure. Lodge Brothers Legal Services, launched last week, offers fixed-fee services for clients wanting wills, probate and powers of attorney.
The president of the Supreme Court last week called for a debate on the ethical implications of artificial intelligence and for “greater prominence” for ethics in legal training. Lord Neuberger also warned once again of increased potential for ethical conflicts in alternative business structures owned by non-lawyers.
Crawford & Company, one of the world’s biggest firms of loss adjusters, has announced that it is setting up an alternative business structure in the UK to offer an end-to-end claims management services. Crawford – which is listed on the New York Stock Exchange – has 27 offices in this country.
Alternative business structure Lawyers Inc has said it aims to recruit between 800 and 1,000 lawyers over the next five years, having taken over two law firms as it rolls out its groundbreaking model. Director Martyn Caplan said he was talking to a dozen more firms.
Two separate alternative business structures specialising in commercial contracts went live today – each offering clients a non-traditional alternative to corporate law firms. Wavelength.law makes sophisticated use of new technology, while Ember Contract Solutions is part of a management consultancy.
Lawyer-led alternative business structures are leaving their rivals behind, the head of North West firm Jackson Canter has said. Executive chairman Andrew Holroyd was speaking as the firm announced the acquisition of Lees Solicitors, doubling its size to over 280 staff.