Alternative business structures
France says ‘Non’ to ABS
Alternative business structures cannot be viewed as law firms and will not be allowed to operate in France, the body representing the 179 French bar associations has said. They claimed ABSs conflict with lawyers’ independence.
Jordans eyes up ABS to expand beyond company services
Well-known business services provider Jordans Ltd is to set up an alternative business structure aimed at handling outsourced legal work for both companies and law firms, it has emerged.
University bids to create ‘ABS-ready’ law students and develop innovation in legal services
A groundbreaking project that aims to encourage students to think about innovation in the post-alternative business structure world – and help them develop new ideas for delivering legal services – has been launched by Sheffield Hallam University.
Will-writer becomes ABS to handle reserved work and plumps for CLC regulation
A will-writing and probate services company in Birmingham has become the latest alternative business structure, and only the second licensed by the Council for Licensed Conveyancers.
SRA grants waivers to three ABSs and warns applicants over timetable for approval
Three of the seven ABSs so far approved by the Solicitors Regulation Authority have been granted waivers as part of their applications, it has emerged. It also warned applicants who may have tight timescales for approval that it will not guarantee to meet them.
Freeserve founder says it will take non-lawyers to bring innovation to “hated” legal market
Lawyers are “in denial about what customers hate about law firms” and it will take entrepreneurs from outside the profession to deliver the wholesale change to the business model that is required, the founder of Freeserve claimed last week.
BSB wins argument over case for entity regulation
The Bar Standards Board narrowly defeated a motion proposed by a former Bar chairman that its plans for entity regulation are unhelpful to the justice system, in a debate held in London last week.
Here come the accountants – ICAEW launches ABS regulator bid
Around 100 firms of accountants are expected to become alternative business structures, the Institute of Chartered Accountants in England and Wales said today as it unveiled its draft application to become a regulator of legal work.
County court advocacy specialists become latest ABS
A law firm that specialises in providing advocacy services in every county court across the country yesterday became the Solicitors Regulation Authority’s eighth alternative business structure.
Quindell confirms binding agreement to buy Liverpool law firm
AIM-listed Quindell Portfolio has now signed a binding agreement to buy Liverpool law firm Silverbeck Rymer, subject to receiving its alternative business structure licence and Financial Services Authority approval, it announced today.
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