Alternative business structures

A virtual firm alternative business structure aimed at top-end solicitors approaching retirement is white labelling entities to groups of lawyers or overseas practices looking to start up under their own brand.

The future of BT Law is under scrutiny as the communications giant that owns the alternative business structure moves to focus more on its core business, Legal Futures can reveal.

Anexo Group, the listed credit hire and legal services business, is looking to expand beyond road traffic accidents and the North-West and said the demise of other claimant law firms was “great” news.

The alternative business structure run for National Accident Helpline by Cardiff-based NewLaw Solicitors has added £3m in profitability to the law firm, it emerged yesterday.

An Essex full-service law firm has become an alternative business structure in order to further its ambitious expansion plans. Birkett Long is looking to establish a group structure.

The idea of alternative business structures is starting to gain a foothold in America after working parties in two more states joined California in recommending non-lawyer ownership of law firms.

A trainee legal executive and her practice manager sister have taken over the law firm owned by their mother after her death, by restructuring it as an alternative business structure.

A domestic violence charity has set up an alternative business structure to provide legal services for people who are not eligible for legal aid but cannot afford to pay for a private practice solicitor.

London law firm Child & Child went insolvent because of “severe cash flow difficulties” caused by excess office space, Brexit hitting a key practice area, high salary costs, and clients taking longer to pay.

Wavelength Law, the pioneering alternative business structure of legal engineers, has been bought by City firm Simmons & Simmons. It will introduce new services and solutions for Simmons’ clients globally.