Alternative business structures


New ABS aims to improve on fee-share model

10 January 2020

The founders of a new consultant-led law firm are aiming to challenge not only the traditional law firm model but also the current fee-share models which have evolved over recent years.


Personal injury ABS joint venture collapses

23 December 2019

The joint venture between NAHL plc – which owns marketing network National Accident Helpline – and Bristol-based law firm Lyons Davidson has collapsed, it emerged today.


US-owned London ABS grows European client base

23 December 2019

A US-based legal services provider with a London-based alternative business structure focused on processing  routine contract documents is steadily building its European client base.


Newly listed law firm raises £31m for growth plan

16 December 2019

The seventh law firm to list – although it describes itself as an asset management consultancy – raised £31.4m as its shares began trading last week. MJ Hudson had a market capitalisation of £98m.


Multi-disciplinary ABS announces intention to float

9 December 2019

A City law firm that describes itself as an asset management consultancy, providing a wide range of services to alternative fund managers and asset owners, has notified its intention to float on AIM.


Exclusive: Consumer law consolidator eyes public listing

29 November 2019

Metamorph Law, which has bought eight law firms in the past three years, is planning to list on the stock market in 12-18 months – the first move of its kind for a UK consumer law firm.


Shareholders target Quindell legal action

28 November 2019

Shareholders who claim they were misled by one-time alternative business structure (ABS) Quindell have began legal action over the losses they suffered as a result.


Private investor helps fund litigation boutique launch

26 November 2019

A private investor has provided £1m in start-up funding for a Liverpool litigation boutique and alternative business structure specialising in complex and high-value commercial cases.


Co-operative Legal Services sees turnover and profit soar

15 November 2019

Co-operative Legal Services has recorded a 29% increase in turnover in its last financial year as it consolidates its position as the country’s largest probate provider.


Niche ABS takes on external funding and non-lawyers

11 November 2019

A niche alternative business structure working with companies that build the global infrastructure of technology has used it to take on external funding and non-lawyers who can help the business grow.


Boutique firm for funders combines legal and political advice

8 November 2019

A boutique law firm catering only for “sophisticated” capital funders is offering what is believed to be the first combined legal, commercial and political advisory service.


Communications giant hands over ABS to listed law firm

7 November 2019

Communications giant BT has handed over ownership of its alternative business structure to listed law firm DWF, it has emerged. Meanwhile, an Italian law firm has set up a BSB-regulated ABS.


Law firm EOT “gives staff security against sale”

5 November 2019

Transferring the ownership of law firms to employee ownership trusts (EOTs) boosts staff loyalty by giving them more security if the firm is sold, the chief executive of the latest firm to create an EOT has said.


Reed Smith looks to “future proof” practice as ABS

5 November 2019

The English arm of international law firm Reed Smith has become an alternative business structure as it looks to “future proof” its practice by offering non-legal services and hiring non-lawyer partners.


Exclusive: Top-40 accountancy firm launches ABS

23 October 2019

Top-40 accountancy firm Streets has become the latest to add legal services to its offering with an alternative business structure licence – making it only the seventh top-100 firm to do so.

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Blog

16 January 2020

Making Tax Digital throws spotlight on outdated legal IT systems

The first year of Making Tax Digital for VAT, known as the soft landing period, ends this April. During these first 12 months, firms without a compliant legal accounts package have used bridging software.

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