Alternative business structures
Litigation financier takes groundbreaking law firm stake
Litigation financier Burford Capital has lived up to its self-description as “the legal profession’s investment bank” by taking a minority stake in a London law firm in return for providing finance.
Conveyancing “roaring back”, says fast-growing ABS
A rapidly expanding alternative business structure which combines conveyancing and mortgage advice is expecting a record month as the property market roars back.
Financial adviser owned by staff and clients launches ABS
A firm of financial advisers has launched an alternative business structure to provide its clients with legal services which it claims are faster and “at least a third cheaper”.
ABSs “reshaping boundaries of law” with integrated services
Alternative business structures are reshaping the boundaries of the law by emphasising the benefit of integrated professional services, rather than pure legal knowledge, a leading academic has argued.
Advocacy services firm becomes ABS
An advocacy services firm which attended over 6,000 hearings last year has become an alternative business structure so it can add qualified advocates to its team of solicitors’ agents.
ABSs in US move closer in wake of Covid-19
The Utah Supreme Court is pressing ahead with plans to become the first US state to introduce ABSs, saying the Covid-19 crisis underscored the need for innovation in the legal market.
Class action firm splits from US partner as it targets Brazil
A class action law firm that launched less than two years ago in conjunction with a specialist US practice is now going its own way as it targets bringing Latin American cases in London.
Exclusive: US legal giant sells its ABS to consolidator
US legal services giant LegalZoom has sold the Yorkshire law firm it bought more than four years ago to consolidator Metamorph, Legal Futures can reveal.
New ABS targets ‘David and Goliath’ insurance disputes
A start-up alternative business structure has been launched to bring City solicitor expertise to bear to help consumers and SMEs win disputes when insurers fail to honour their policies.
Huge growth at PI ABS but Leeds office put on ice
Staff numbers at personal injury law firm Bond Turner grew by 65% last year but the listed company that owns it has put the firm’s expansion to Leeds on hold during the coronavirus crisis.
Blog
Planning for retirement
8 July 2020
In 2006 I started thinking about retirement whilst founding a boutique practice specialising in partnership and employment law. Ten years later, a friend told me that I would never be able to retire.
Time for a new regulatory settlement
3 July 2020
The problem with reform based on a compromise with vested interests is that it ends up being more pig’s ear than silk purse and the Legal Services Act 2007 is no exception.
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