Alternative business structures


Niche ABS takes on external funding and non-lawyers

11 November 2019

A niche alternative business structure working with companies that build the global infrastructure of technology has used it to take on external funding and non-lawyers who can help the business grow.


Boutique firm for funders combines legal and political advice

8 November 2019

A boutique law firm catering only for “sophisticated” capital funders is offering what is believed to be the first combined legal, commercial and political advisory service.


Communications giant hands over ABS to listed law firm

7 November 2019

Communications giant BT has handed over ownership of its alternative business structure to listed law firm DWF, it has emerged. Meanwhile, an Italian law firm has set up a BSB-regulated ABS.


Law firm EOT “gives staff security against sale”

5 November 2019

Transferring the ownership of law firms to employee ownership trusts (EOTs) boosts staff loyalty by giving them more security if the firm is sold, the chief executive of the latest firm to create an EOT has said.


Reed Smith looks to “future proof” practice as ABS

5 November 2019

The English arm of international law firm Reed Smith has become an alternative business structure as it looks to “future proof” its practice by offering non-legal services and hiring non-lawyer partners.


Exclusive: Top-40 accountancy firm launches ABS

23 October 2019

Top-40 accountancy firm Streets has become the latest to add legal services to its offering with an alternative business structure licence – making it only the seventh top-100 firm to do so.


New-model ABS brought down by cash-flow crisis

3 October 2019

A cash flow crisis that led to payments to its consultants being withheld and they then leaving as a result caused the collapse of new-model law firm Cubism Law, it has emerged.


ABS Carbon opens platform to own-brand start-ups

19 September 2019

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.


Exclusive: Future of BT’s ABS under scrutiny

16 September 2019

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.


ABS plans more growth as it sees PI firms closing

11 September 2019

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.

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Blog

13 November 2019

The October PII renewal: Why the market changed

Since the abolition of the Solicitors Indemnity Fund, the October professional indemnity insurance renewal season has always been a challenge, but this year most law firms saw their premiums go up.

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