ABSs account for a third of all turnover in the personal injury market, the first accurate overview of the progress of alternative business structures has revealed.
Artesian Law, the barrister-led legal disciplinary practice, is set to double in size after 18 months in business by actively recruiting associate members in order to expand beyond its mainstay of criminal legal aid work.
A Manchester law firm has launched a joint venture alternative business structure (ABS) with one of its major insurer clients. Meanwhile, the transitional exemption from ABS licensing currently afforded to not-for-profit organisations has been extended indefinitely.
Our regular round-up of important news nuggets includes the newest SRA-licensed ABS, an advice contract for the Co-op, a survey of top firms on how they are changing, a probe of SRA files to identify any racial discrimination, heavy fine for spam texters and much more.
The Solicitors Regulation Authority is under pressure to extend its April 2013 deadline for legal disciplinary partnerships with non-lawyer partners to become alternative business structures, after the Legal Services Board said it was “unlikely” to insist on it before 2014.
Barristers are likely to be allowed to form partnerships next year and before they can create alternative business structures, the Bar Standards Board said last week. Meanwhile, it dropped a proposal to force barristers to withdraw from cases where a client refuses to reveal previous convictions to the court.
rtesian Law, the groundbreaking SRA-regulated law firm set up by six junior criminal law barristers, has named Bryan Cox QC as its first associate member. Mr Cox is a tenant of New Park Court Chambers in Leeds.
The American Bar Association has dropped plans for any changes to its policy prohibiting the non-lawyer ownership of law firms. Having rejected more radical ideas such as ABSs, it had proposed a form of legal disciplinary practice.
Six criminal law barristers have set up a chambers structured as a partnership and regulated by the Solicitors Regulation Authority. Artesian Law is already looking to expand due to the number of instructions it has received.
Personal injury firms need scale to survive in future, a Manchester law firm has warned as it gears up for a £3m investment into growing its practice. Express Solicitors is expanding ahead of ABSs, the referral fee ban and the extended RTA portal.