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
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
