Alternative business structures


Self-insurance ABS plans overseas expansion within global group

25 August 2021

A niche ABS owned by a global insurance giant plans to take its service advising large companies on self-insurance schemes to other countries in which its parent operates.


Florida becomes latest state to move towards allowing ABSs

2 July 2021

Florida has become the latest American state to move towards allowing alternative business structures, while British Columbia has launched a regulatory sandbox to encourage innovation in Canada.


LegalZoom uses ABS to bypass US ban on employing lawyers

8 June 2021

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.


Shoosmiths spins debt practice into joint venture ABS

4 June 2021

National law firm Shoosmiths has spun its debt recovery practice into an alternative business structure joint venture with collections, recoveries and enforcement company Chartsbridge.


Firm merges clinical negligence team with barrister-led ABS

11 May 2021

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.


Dispersed US firm launches in UK with big ambitions

26 April 2021

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.


Top Chinese firm eyes non-lawyer partners with ABS move

23 April 2021

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.


Legal Services Act has delivered “limited benefits to competition”

20 April 2021

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.


Irwin Mitchell tipped for £500m stock market listing – again

12 April 2021

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.


Covid hits revenue and profits at Co-op Legal Services

9 April 2021

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.


PII increase “makes case” for running unregulated practice alongside ABS

26 March 2021

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.


Acquisition no12 for Knights amid activity at insurance ABSs

23 March 2021

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.


ABSs become a reality in America as Arizona approves the first two

22 March 2021

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.


Listed company buys specialist employment law ABS

5 March 2021

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.


Former presidential adviser joins ABS with eye on Brexit benefits

22 February 2021

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.

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Blog


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Commercial success is the driving force for ambitious law firms and it should come as no surprise that many have a renewed determination to re-evaluate their businesses in the wake of Covid-19.


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The ‘soft landing’ growth strategy for law firms

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