Alternative business structures
Niche insurance law firm creates one-stop ABS for professional indemnity claims
A defendant insurance law firm is to join forces with commercial claims handlers and loss adjusters within an alternative business structure to provide an outsourced service to insurance companies for professional indemnity claims.
Riverview strikes deal with DMH Stallard and applies for ABS status
Riverview Law, the fixed-priced commercial law business, has signed a strategic alliance with south-east firm DMH Stallard that will see the pair pitch jointly for new business. Riverview is also applying for an alternative business structure (ABS) licence.
To be an ABS, or not to be: Shakespeares becomes one of largest firms to gain licence
National firm Shakespeares has become one of the largest law firms to date to become an alternative business structure. The ambitious firm, led by chief executive Paul Wilson, has been on the acquisition trail in the last five years, with six mergers.
Number of CLC-regulated ABSs reaches 35
The number of alternative business structures approved by the Council for Licensed Conveyancers has risen to 35 in recent weeks, but several of the new licensees have branded the process as “unnecessary” and delivering “no benefit” to their businesses.
Interest swap mis-selling claims company eyes ABS status
A claims management company specialising in interest-rate swap mis-selling could become an alternative business structure in order to litigate its own cases. All Square Treasury has just announced the appointment of a legal director.
Jordans recruits senior in-house lawyer to spearhead ABS
Corporate services provider Jordans has turned to the head of legal at a leading business process outsourcer to spearhead its planned alternative business structure. Debbie Farman, formerly legal director of Vertex, will lead a team of lawyers, paralegals and corporate compliance experts.
Exclusive: legal advice charity becomes first not-for-profit to set up an ABS
A legal advice charity in Leicester has become the first not-for-profit organisation to set up an alternative business structure (ABS), Legal Futures can reveal. The Community Advice and Law Service has won approval to launch Castle Park Solicitors Community Interest Company.
‘Click and collect’ law firm eyes major expansion after ABS licence award
A law firm offering ‘click and collect’ legal services plans to double in size after securing its alternative business structure licence. Leeds firm Winston Solicitors originated as an online-only legal practice from managing partner Jonathan Winston’s spare room 10 years ago.
SRA set to relax rules on non-material breaches as nearly 1,000 firms face COLP/COFA action
Requiring all 10,000 law firms to report non-material breaches to the Solicitors Regulation Authority is “unsustainable and cannot be justified”, the regulator’s board will be told today. Meanwhile, the number of firms and individuals facing action over COLP/COFA nomination failures has risen to 928.
Mortimer takes helm at legal expenses insurer's ABS
Kathryn Mortimer, head of legal services for the DAS UK Group, has been named managing director of its new law firm, DAS Law. DAS Law was created after the legal expenses insurer was granted an alternative business structure 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.
