First ABS attached to a barristers’ chambers launched in Liverpool


Liverpool

Liverpool: Base for pioneering “bespoke service” ABS

Liverpool-based 7 Harrington Street Chambers (7HS) has launched what is believed to be the first alternative business structure (ABS) attached to a barristers’ chambers.

Harrington Street Law Limited opened for business last week, with three barristers and 7HS practice director John Killgallon registered as its directors.

One of the three barristers is Nigel Power QC, who specialises in crime and fraud. He is joined by fellow crime specialist Jonathan Duffy, and Gregory Plunkett, who carries out civil advocacy.

Mr Plunkett was called to the Bar in 2013 after 25 years as a solicitor, and is the HOLP and HOFA of Harrington Street Law. The company is registered and operates from the same address as 7HS.

A 7HS statement said: “As the shape of the legal landscape changes, we are pleased to be able to change with it and provide a fuller range of services in our core specialisms.

“We look forward to building on existing relationships with our professional colleagues and continuing to provide advocacy services of the highest standard.

“In addition, we will be able to provide a more bespoke service to those clients for whom greater accessibility to our expertise would be advantageous. We will combine a forward-looking outlook with our traditional values and expertise.”

Harrington Street Law’s ABS licence was approved by the Solicitors Regulation Authority (SRA) last month and became effective on 10 February.

Niche immigration set Richmond Chambers became the first ABS licensed by the SRA without any solicitors in 2013. The set concentrates on direct access work.

Six criminal law barristers and a solicitor set up Artesian Law in 2012, a chambers structured as a partnership and regulated by the SRA; Fulcrum Chambers is the other barristers’ set regulated by the SRA.

Tags:




Blog


Beyond PCP: Can regulators and lawyers work better together next time?

Nearly a decade after the Financial Conduct Authority began investigating the car finance industry, the story of the PCP commission scandal is still unfinished.


Accountability has to live within governance, not with one person

The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.


The SRA’s client money reforms: good intentions, questionable execution

On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.


Loading animation