Alternative business structures

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.

Redde sees 150% rise in profits from joint venture ABSs

28 February 2019

Accident management group Redde plc – which owns NewLaw Solicitors – has seen profits from the law firm’s five alternative business structure joint ventures increase by nearly 150%.

PI firms merge to take on 2020 reform upheaval

22 February 2019

Personal injury firms in Sheffield and Macclesfield have merged and created a new alternative business structure as they bid to ride out the upheaval of next year’s reforms.

University creates ABS to fuse law degree with work experience

20 February 2019

Sheffield Hallam University has set up a standalone law firm so it can offer a law degree that incorporates mandatory work experience into every year of the course.

Construction business becomes ABS to reduce client confusion

15 February 2019

A multi-disciplinary construction business has become an alternative business structure, in part to reduce confusion among clients and also offer a one-stop shop.

Tax consultancy sets up ABS to become one-stop shop

17 January 2019

A tax consultancy has set up an alternative business structure to create a “one-stop shop” for independent contractors seeking advice, saying ABSs had made the law more entrepreneurial.

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