Alternative business structures
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.
Alternative business structures will not be allowed in New York for the time being because the case for them improving access to justice has not been made, a commission has decided.
A law firm that works with non-legal businesses to offer SME clients a multi-disciplinary service is to convert to an alternative business structure so that they can share fees.
A commercial QC has taken the unusual step of setting up an alternative business structure with an accountant, in contrast with what he described as the “outmoded” chambers structure.
The head of the first ‘teaching law firm’, Nottingham Law School’s Legal Advice Centre, has said it is “busier than ever” helping clients, many of whose problems are related to the pandemic.
A professional services consultancy specialising in advice to foreign businesses wanting to set up in the UK has become an alternative business structure after “exponential growth” in 2020.
There is “much to celebrate” from the first decade of the Legal Services Act but the basic legal needs of many citizens are still not being met, the Legal Services Board said today.
What the pandemic has brought into sharp focus for firms is a desire to reduce costs. In 2019, research found cost reductions were last on a long list of priorities for firms; now they are near the top.
As my legal career progressed, I began to realise the reality was very different than I had envisaged. I was in a constant state of stress, working very long hours. I normalised the stress, as it seemed to be everywhere I looked.