Alternative business structures
Would you like a will while I’m changing your tyre? AA Law receives ABS licence
The AA will next month launch its own law firm after being granted an alternative business structure licence by the Solicitors Regulation Authority. AA Law will start trading on 1 December as a joint venture between the motoring giant and national firm Lyons Davidson
ABS just the latest innovation for one of the UK’s most entrepreneurial lawyers
Not many solicitors’ firms have a corporate helicopter available for use by favoured clients to entertain their own customers, piloted by the multi-millionaire owner. Or a gym. Or a hotel. Welcome to Kidwells Law Solicitors, a new alternative business structure.
SRA reaches 200 ABSs but one enters liquidation as another has license revoked
The number of alternative business structures (ABSs) licensed by the Solicitors Regulation Authority hit 200 yesterday, but the first ABS liquidation and first licence revocation have tempered any celebrations.
Solicitors’ market “wide open to competition” from national brands, says LSB
Most aspects of legal services can be delivered nationally and there is still significant potential for big brands to come in and provide large scale, lower cost services, according to a major report into competition in the solicitors’ market.
Life-coaching ABS cooperative targets growth
A Leicester cooperative law firm that offers life coaching in addition to legal services, has obtained an alternative business structure (ABS) licence in order to develop its training arm. Kinetic Law Services Limited is the 199th ABS approved by the SRA.
The end of first ABS failure nears
The end of the first alternative business structure failure moved a step closer today after In-Deed Online plc announced plans for a reverse takeover by an e-learning company. AIM-listed In-Deed was the first listed company to buy a law firm.
Top insurer Markel enters legal market as Quindell unveils £150m Direct Line deal
Leading insurer Markel is to enter the legal market after today announcing a deal to buy the owner of alternative business structure Lewis Hymanson Small. The Solicitors Regulation Authority has given approval for the change of control.
Exclusive: the alternative to solicitors that’s become an alternative business structure
An eviction business that was originally set up as an alternative to solicitors has now become an alternative business structure (ABS) regulated by the Solicitors Regulation Authority to help it stand out against unregulated competition.
From beds to bumps – top businessman takes stake in personal injury firm
A personal injury practice with offices in the north-west and midlands has become an alternative business structure (ABS) so that a top businessman can take a stake in the firm.
Law firm spin-off becomes ABS
A law firm spin-off which helps insolvency practitioners to process financial mis-selling claims against financial institutions, has been granted an alternative business structure (ABS) licence.
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.
