Legal Services Act
German lawyers call on Americans to join international stand against ABSs
The German Bar has called on its American counterpart to form an international coalition against alternative business structures. The news comes as the American Bar Association prepares to publish a proposed rule change that would allow minority non-lawyer ownership of law firms, with the New York courts set to rule on the issue too.
Co-op to extend bank branch pilot in bid to become consumers’ “lawyer of choice”
Co-operative Legal Services is planning a more extensive pilot of face-to-face advice in its bank branches later this year as it bids to become consumers’ “lawyer of choice”, the company has confirmed. The Co-op has also merged its legal and funeral businesses.
World’s first listed law firm steps up interest in entering UK market
Australia’s Slater & Gordon, the world’s first publicly listed law firm, is “more seriously” evaluating the opportunities available in the UK, the company has revealed. The news comes as S&G and Integrated Legal Holdings – the only other listed legal practice, also in Australia – both announced strong results.
LSB gives green light to barristers joining ABSs
The Legal Services Board has approved changes to the Bar Code of Conduct that will allow barristers to become partners and employees of alternative business structures. The bar’s rulebook as currently drafted would prevents barristers from working for an ABS.
Exclusive: “Biggest legal brand in US” eyes UK market entry in 2012
Pioneering US legal services business LegalZoom is planning to launch in the UK next year, Legal Futures can reveal. Senior management are in the UK this week to view possible headquarters for the operation, which has been described as the most recognised legal brand in America.
Legal Pioneers: Parabis – the innovative group eyeing up private equity investment
In the second instalment of our new Legal Pioneers series, we profile Parabis, which currently operates as a co-operative of different insurance-related regulated companies. When the Legal Services Act goes lives, however, integration of legal and non-legal functions and external investment are on the horizon.
Barristers seek urgent rule change to allow them to compete more with solicitors
Public access barristers will be able to compete more effectively with solicitors for legal aid clients under an urgent rule change being considered by the Bar Standards Board. However, both the speed of and the motivation for the move have been criticised by the Legal Services Consumer Panel.
Exclusive: Google-backed US online legal service plans UK launch in 2012
Rocket Lawyer, the Google-backed American online legal document business, is set to launch in the UK next year and will be looking for lawyers to offer services to its customers, Legal Futures can reveal. The company says the UK is an attractive destination for its products.
Launch of ABSs clears major hurdle
Would-be alternative business structures unhappy with decisions taken by the Solicitors Regulation Authority will be able to appeal to the Solicitors Disciplinary Tribunal, it has been decided, in a significant step towards the introduction of ABSs.
SRA highlights investor scrutiny as it prepares to start licensing ABSs in “early 2012”
The Solicitors Regulation Authority is unlikely to start licensing alternative business structures (ABSs) until 2012, it has confirmed. The news comes as the authority spelt out the detailed level of information about investors in prospective ABSs that it will expect to see.












