Alternative business structures
North of England private equity firm invests £15m in industrial diseases ABS
NorthEdge Capital, a private equity firm focused on investing in businesses in the North of England, has announced an investment of £15m into Roberts Jackson, the Cheshire-based industrial disease alternative business structure.
Clinical negligence outsourcer bids to become alternative business structure
Clinical negligence outsourcer 5R1 has announced its intention to become the first in its field to obtain alternative business structure (ABS) status. It currently operates as a claims management company, regulated by the Ministry of Justice.
Exclusive: will-writers’ trade body launches unique ABS
The Institute of Professional Willwriters has won approval for a unique alternative business structure that will enable its members and others to access related legal services for their clients, and share in the fees generated.
LSB attacks SRA’s “over-engineered” approach to MDPs and non-lawyer owners
The Legal Services Board has attacked the Solicitors Regulation Authority for having “over-engineered” its approach to regulating multi-disciplinary alternative business structures and to approving non-lawyer owners.
Accountants able to handle probate work without solicitors from next month
Chartered accountants will be able to carry out reserved probate work themselves, without the need to instruct a solicitor, from next month, the Institute of Chartered Accountants in England and Wales (ICAEW) has said.
ICAEW vents frustration over delays to its approval as a legal regulator
The Institute of Chartered Accountants in England and Wales has described as “increasingly frustrating” its wait to become a regulator of probate services and an alternative business structure licensing authority.
MPs demand SRA crackdown on personal injury lawyers “playing the system”
MPs have called on the government to put pressure on the Solicitors Regulation Authority to stop personal injury lawyers “playing the system” by commissioning unnecessary medical reports on psychological injuries.
Schillings’ profits rocket as shift to reputation defence ABS pays off
The boutique media law firm that transformed itself into a multi-disciplinary alternative business structure specialising in high tech and legal reputation defence, is approaching the end of its first three-year phase of reform with profits “sky high”.
Barristers lay out plans for range of new entities
Barristers are looking at creating a wide range of legal businesses – with solicitors, paralegals and others – once the Bar Standards Board’s (BSB) application to become an entity regulator is approved, it has emerged.
Retailer turned law firm chairman: pricing demands pushing change
Leading retailer Greg Tufnell, new non-executive chairman of innovative legal practice Radiant Law, has told Legal Futures that changed expectations among clients over pricing is one of the key elements driving disruption in the legal market.
Blog
Listening, learning and leading The Solicitor’s Charity with care
As I prepare to hand over the mantle of chair of The Solicitor’s Charity next month, it doesn’t feel like an end. Instead, it feels like a wonderful journey.
Is competition in the legal sector stifling innovation?
As the legal sector’s competitive landscape continues to evolve, Nobel laureates remind us that innovation is not inevitable,and that competition may not always be an incentive to innovate.
What high-performing consumer claims firms get right
Recurring concerns about parts of the volume claims sector show that the gap between well-run firms and those struggling to manage volume effectively is widening.
