Legal Services Act
Online pioneer embraces ABS “to reassure SME clients”
A pioneering online legal business aimed at SMEs has obtained an alternative business structure licence to reassure clients nervous of engaging with internet-based legal advice services that it is also a regulated law firm.
Confused? You should be, as LeO decides not to become ADR body
In a further twist to an already complicated saga, the Legal Ombudsman has decided not to become a certified alternative dispute resolution body for the time being. Certification would double LeO’s deadline for complaints from six to 12 months.
Pure Legal announces first purchase of law firm, buying Pryers for £13m
Pure Legal, the alternative business structure set up by former head of Quindell Legal Services Phil Hodgkinson, has announced its first purchase of a law firm. Pure has bought Pryers, a medical negligence specialist based in York, for £13m.
Coming soon to Asda? Canadian firm based in Walmart stores plans rapid expansion
A Canadian law firm which runs offices inside Walmart supermarkets is planning to almost double in size next year, it has emerged. Mark Morris, co-founder of Axess Law, said the firm could potentially expand into the USA and the UK.
Plan to smooth paralegals’ path to CILEx qualification sparks “confusion” claim
A proposal by CILEx Regulation to make it easier for paralegals to become qualified legal executives has been fiercely rejected as likely to cause “confusion to employers and consumers” by the new voluntary paralegals regulator.
LegalZoom makes its move with Beaumont Legal acquisition
US online legal services provider LegalZoom has made its much-anticipated move in the UK, announcing today that it is to acquire Yorkshire firm Beaumont Legal for its 2016 launch, with more deals potentially to come.
Soldier turned solicitor sets up ABS with former special forces officer
A soldier turned solicitor has set up an alternative business structure with a former special forces officer. Proelium Law aims to provide commercial law, international law and security advice to businesses and other organisations wanting to operate in conflict zones such as Iraq and Afghanistan.
Separation would be better for both of us, SRA leaders tell Law Society
The leaders of the Solicitors Regulation Authority have made it clear that they believe it would be better for the public and the profession if they had complete independence from the Law Society. They were responding to the Treasury’s announcement earlier this week on independent regulation.
Law firm and charity joint ABS “changing behaviours” in spinal injury cases
On its first anniversary, Aspire Law, a unique alternative business structure set up by Hampshire solicitors Moore Blatch and national spinal injury charity Aspire, has good reason to be cheerful. Twelve months on, the joint venture has grown to the point where it is challenging established players in this niche part of the serious injury market.
Profession set on collision course with government over independent regulation
The government should return regulation to the legal profession’s representative bodies, rather than introduce full separation, the Law Society has said in response to yesterday’s surprise announcement from the Treasury that separation is now on the cards. The move is set to open up the fault lines in the current regulatory set-up created by the 2007 Legal Services Act.
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Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
