Alternative business structures
Grayling gives accountants ABS and probate green light
The Lord Chancellor yesterday approved the application by the Institute of Chartered Accountants in England and Wales (ICAEW) to become a regulator of probate services and licensing authority for alternative business structures.
Acquisition by Helphire will “future-proof” NewLaw in shrinking PI marketplace
The law firm acquired last week by accident management giant Helphire believes it has secured its place in a future slimmed-down personal injury market, and will be one of the ‘last men standing’ now it can offer a one-stop shop.
MoJ pushes for crime market consolidation despite its own research warning over speed of change
Many criminal law firms will have to merge, or enter into joint ventures, or form alternative business structures, to survive, after the government announced yesterday that it would push ahead with legal aid reforms that are predicated on market consolidation.
Debt management giant starts ABS as accountants close legal practice after just five months
One of the UK’s largest debt management companies, Harrington Brooks, which has an annual turnover of around £30m, has created an alternative business structure run by its head of legal services.
ABS-owning insurers sign up to code on handling legal work for policyholders
Many of the big insurance companies that have set up alternative business structure (ABS) joint ventures have signed up to a new code of practice laying out how they can point policyholders who may have a personal injury claim towards their law firms.
Are judges and opposing parties targeting lawyers? Recent cases suggest they are
A string of recent cases indicate that judges may be increasingly tempted to remind solicitors of their duty to act impartially in litigation, in an era of alternative business structures (ABSs) where their loyalties might be tested, according to a leading criminal lawyer.
Accountants say ABS enables them to monitor quality of clients’ legal work
A central London firm of accountants has set up an alternative business structure (ABS) as a means of keeping control of legal work that it previously referred to third party law firms.
ABSs “will contribute to the rise of legal services outsourcing”, new book predicts
Alternative business structures (ABSs) will create additional demand for legal services outsourcing (LSO) and could in time become LSO providers themselves, a new book has predicted.
ABS licence will give PwC Legal “rocket fuel”, says UK chief
PwC Legal’s alternative business structure (ABS) licence will give its expansion plans “rocket fuel”, its UK senior partner has claimed. Speaking to Legal Futures, senior partner Shirley Brookes agreed with those describing the move as a ‘game changer’.
SRA: hundreds of companies, public authorities and law centres mulling ABS conversion
The impact of alternative business structures (ABSs) on organisations with in-house lawyers is likely to be felt most in the third sector, major new research has found – but hundreds of private companies and public authorities are looking at conversion too.
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.
