Alternative business structures


Leading regional accountants launch ABS to expand offering

4 September 2020

A major Lincolnshire-based firm of accountants is moving beyond offering probate services by becoming an ABS to provide clients with a “wrap-around” service.


Arizona to drop rule banning non-lawyer ownership of law firms

1 September 2020

Arizona has become the first US state to allow alternative business structures on a permanent basis in what its supreme court called a “generational advance in access to justice”.


Accountants offered new route to setting up ABSs

24 August 2020

Accountants and firms regulated by the ACCA will have a pathway to handling all the reserved activities under the plan to transfer supervision of their legal work to CILEx Regulation.


Utah become first US state to embrace ABSs

17 August 2020

Utah has become the first US state to embrace alternative business structures in response to what has been described as an access-to-justice crisis exacerbated by Covid-19.


Hedge fund-backed debt business launches ambitious ABS

6 August 2020

An alternative business structure has been launched by a hedge fund-backed business that finances commercial debt recovery litigation, with ambitious plans for expansion.


Litigation financier takes groundbreaking law firm stake

25 June 2020

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

24 June 2020

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

18 June 2020

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

17 June 2020

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

10 June 2020

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.

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