Alternative business structures


ABSs in US move closer in wake of Covid-19

29 May 2020

The Utah Supreme Court is pressing ahead with plans to become the first US state to introduce ABSs, saying the Covid-19 crisis underscored the need for innovation in the legal market.


Class action firm splits from US partner as it targets Brazil

15 May 2020

A class action law firm that launched less than two years ago in conjunction with a specialist US practice is now going its own way as it targets bringing Latin American cases in London.


Exclusive: US legal giant sells its ABS to consolidator

24 April 2020

US legal services giant LegalZoom has sold the Yorkshire law firm it bought more than four years ago to consolidator Metamorph, Legal Futures can reveal.


New ABS targets ‘David and Goliath’ insurance disputes

7 April 2020

A start-up alternative business structure has been launched to bring City solicitor expertise to bear to help consumers and SMEs win disputes when insurers fail to honour their policies.


Huge growth at PI ABS but Leeds office put on ice

6 April 2020

Staff numbers at personal injury law firm Bond Turner grew by 65% last year but the listed company that owns it has put the firm’s expansion to Leeds on hold during the coronavirus crisis.


Exclusive: SRA to regulate National Accident Helpline

2 April 2020

National Accident Helpline is giving up its authorisation as a claims management company and will in future be overseen by the Solicitors Regulation Authority, Legal Futures can reveal.


Time for Scotland to embrace ABSs, says watchdog

25 March 2020

The Competition and Markets Authority has called for alternative business structures to be allowed in Scotland, and for a shift to the independent regulation of lawyers.


Arizona looks to become first US state to allow ABSs

19 March 2020

Arizona has become the first state in the US to formally seek the introduction of alternative business structures, it has emerged.


ABSs diversify to offer clients non-legal services

13 March 2020

Southern England commercial law firm EMW has made the first of what it says will be a series of acquisitions of specialist consultancies as it looks to diversify beyond legal work.


Sports ABS “ready to talk external investment”

9 March 2020

A boutique sports law firm that counts Premier League football players among its clients has become an alternative business structure and is ready to discuss external investment.


Planning consultancy targets referrals with ABS

28 February 2020

A planning consultancy has created an alternative business structure to handle the legal work associated with planning applications, targeting referrals from small law firms.


Another £11m in share sales by Gateley partners and staff

19 February 2020

Partners and staff at listed law firm Gateley sold £11m worth of shares yesterday – making £27m since it went public – amid a burst of news about listed legal businesses, including Knights and Redde.


America continues creep towards ABSs

18 February 2020

The American Bar Association yesterday encouraged states to consider “innovative approaches to the access to justice crisis” but made clear it was not recommending alternative business structures.


Top politician and ex-chief of defence staff join ABS

10 February 2020

An alternative business structure that combines legal and political advice has hired Theresa May’s former chief of staff as well as a former chief of the defence staff.


Exclusive: Profits rocket at ABS where accountants supply clients

4 February 2020

An alternative business structure owned equally by two law firms and an accountancy practice has recorded a 1,200% surge in post-tax profits.

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Blog

4 June 2020

Reflecting on the spring PII renewal season

I reported last year that the October PII market was a challenging environment and many practices paid more for their cover. This trend of increased premiums continued into this spring.

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