Alternative business structures
Sports ABS “ready to talk external investment”
A boutique sports law firm that counts Premier League football players among its clients has become an alternative business structure and is ready to discuss external investment.
Planning consultancy targets referrals with ABS
A planning consultancy has created an alternative business structure to handle the legal work associated with planning applications, targeting referrals from small law firms.
Another £11m in share sales by Gateley partners and staff
Partners and staff at listed law firm Gateley sold £11m worth of shares yesterday – making £27m since it went public – amid a burst of news about listed legal businesses, including Knights and Redde.
America continues creep towards ABSs
The American Bar Association yesterday encouraged states to consider “innovative approaches to the access to justice crisis” but made clear it was not recommending alternative business structures.
Top politician and ex-chief of defence staff join ABS
An alternative business structure that combines legal and political advice has hired Theresa May’s former chief of staff as well as a former chief of the defence staff.
Exclusive: Profits rocket at ABS where accountants supply clients
An alternative business structure owned equally by two law firms and an accountancy practice has recorded a 1,200% surge in post-tax profits.
DC lawyers bid to lead the way with ABSs
Lawyers in the US capital Washington DC are the latest in America to try and remove the ban on ABSs, while the president of the American Bar Association is backing efforts to rethink regulation.
New ABS aims to improve on fee-share model
The founders of a new consultant-led law firm are aiming to challenge not only the traditional law firm model but also the current fee-share models which have evolved over recent years.
Personal injury ABS joint venture collapses
The joint venture between NAHL plc – which owns marketing network National Accident Helpline – and Bristol-based law firm Lyons Davidson has collapsed, it emerged today.
US-owned London ABS grows European client base
A US-based legal services provider with a London-based alternative business structure focused on processing routine contract documents is steadily building its European client base.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
