Alternative business structures
US legal services giant LegalZoom is bypassing the domestic ban on non-law firms practising law by employing US lawyers through its UK alternative business structure, it has emerged.
National law firm Shoosmiths has spun its debt recovery practice into an alternative business structure joint venture with collections, recoveries and enforcement company Chartsbridge.
National law firm Devonshires has merged its clinical negligence department with barrister-led firm PI Law Direct to create Devonshires Claims, a specialist clinical negligence and personal injury practice.
US dispersed law firm Rimon has entered the UK market as an alternative business structure, with plans to expand rapidly and challenge the likes of Keystone Law and gunnercooke.
A leading Chinese law firm has converted its London operation into an alternative business structure with a view to bringing non-lawyer partners on board. It is already in talks with some.
The Legal Services Act 2007 has only delivered “a few of the benefits typically associated with deregulation”, a report by Boston Consulting Group has concluded.
National consumer giant Irwin Mitchell is planning a stock market float valuing the law firm at £500m, according to press reports at the weekend. It could happen this year, said Sky News.
Revenue and profits at Co-operative Legal Services fell as a result of coronavirus but case volumes grew during last year, its annual results have shown.
A legal business that uniquely runs both a regulated and unregulated practice says a 220% increase in the cost of its professional indemnity insurance justifies the way it operates.
Listed law firm Knights continued its consolidation play yesterday by announcing a £5.3m deal to buy Surrey firm Mundays, as we also report on activity at two insurance-led ABSs.
America now has its first two alternative business structures, approved in the state of Arizona, to go alongside an increasing variety of businesses in a regulatory sandbox in Utah.
A specialist alternative business structure has been bought by a listed company to boost its fast-growing national employment law business and compete with traditional law firms.
A unique alternative business structure that combines legal and political advice has unveiled a former economic adviser to President GW Bush as its latest high-profile hire.
Fast-growing wealth management and legal services firm Progeny has continued its expansion by acquiring conveyancing firm Watson Law, with three financial planning firms next on its agenda.
Legal marketing business First4Lawyers is to create an alternative business structure to handle road traffic accident claims after the whiplash reforms are introduced in May.
With one in four people saying they’d contest an inheritance if they didn’t feel it was distributed properly, many solicitors will have dealt with clients who are making a will that will subsequently be challenged.
Last week, I wrote about the Post Office scandal. I made clear my view that resigning is not enough, but some people have rightly challenged me to say what I feel would be enough.