Alternative business structures

External funder backs litigation firm launch

29 April 2019

A specialist litigation law firm with support from an external backer that means it can fund cases itself goes live today as an alternative business structure, Legal Futures can report.

Pioneering local authority shared legal service eyes ABS move

25 April 2019

A pioneering shared legal service providing advice to seven councils in the East Midlands is set to create the latest local authority alternative business structure.

Co-op sees legal services turnover and profit soar

9 April 2019

The Co-operative – now the UK’s largest provider of probate – recorded a 37% rise in turnover from legal services in 2018, and a 53% jump in profit. Meanwhile, Ince Gordon Dadds has bought another firm.

Second time lucky? Plexus Law secures £15m PE investment

2 April 2019

Defendant law firm Plexus Law has secured a £15m investment from a private equity company that specialises in the services sector. Origin Equity has taken a minority shareholding.

Exclusive: Tile entrepreneur backs personal injury firm launch

2 April 2019

The chairman of an online tile retailer has teamed up with a former director of Cheshire-based Forster Dean to launch a personal injury firm, Step Legal, which opened this week.

NAH law firm “set to generate millions” in coming years

22 March 2019

The wholly owned alternative business structure being launched next month by NAHL plc is likely take on around 30,000 claims a year by 2023 and generate about £25m in revenue, it has emerged.

Turnover and profits down at bullish NAHL

19 March 2019

Revenue and profits were down last year at NAHL plc, the company behind National Accident Helpline and owner of three alternative business structures, its annual results showed today.

ABS owner’s share price crashes after major contract loss

11 March 2019

Redde – the accident management group that owns two alternative business structures – saw nearly a quarter of its value wiped out on Friday after losing a major contract.

Non-legal services and growth plans – ABSs keep on coming

7 March 2019

One alternative business structures combining conveyancing and mortgage advice, and other bringing together legal and corporate finance services are among a range of new licencees.

Consumer law firms optimistic but fee pressure looms

28 February 2019

Almost two-thirds of solicitors active in the main consumer law areas expect their workload to increase over the next year – but there is looming pressure on fees, a survey has found.

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