Alternative business structures


High street solicitor launches second BSB firm with client

22 October 2020

A solicitor has launched a second law firm regulated by the Bar Standards Board – this time an alternative business structure with a letting agent client.


Exclusive: High street consolidator buys three more firms

13 October 2020

Echelon Law, an alternative business structure which specialises in buying small high street law firms with succession problems, is set to acquire three more, Legal Futures can report.


Employee ownership move like “rocket fuel”, says firm

8 October 2020

A niche law firm which advises on employee share ownership and executive pay has become the latest to convert to an employee ownership trust.


Leading regional accountants launch ABS to expand offering

4 September 2020

A major Lincolnshire-based firm of accountants is moving beyond offering probate services by becoming an ABS to provide clients with a “wrap-around” service.


Arizona to drop rule banning non-lawyer ownership of law firms

1 September 2020

Arizona has become the first US state to allow alternative business structures on a permanent basis in what its supreme court called a “generational advance in access to justice”.


Accountants offered new route to setting up ABSs

24 August 2020

Accountants and firms regulated by the ACCA will have a pathway to handling all the reserved activities under the plan to transfer supervision of their legal work to CILEx Regulation.


Utah become first US state to embrace ABSs

17 August 2020

Utah has become the first US state to embrace alternative business structures in response to what has been described as an access-to-justice crisis exacerbated by Covid-19.


Hedge fund-backed debt business launches ambitious ABS

6 August 2020

An alternative business structure has been launched by a hedge fund-backed business that finances commercial debt recovery litigation, with ambitious plans for expansion.


Litigation financier takes groundbreaking law firm stake

25 June 2020

Litigation financier Burford Capital has lived up to its self-description as “the legal profession’s investment bank” by taking a minority stake in a London law firm in return for providing finance.


Conveyancing “roaring back”, says fast-growing ABS

24 June 2020

A rapidly expanding alternative business structure which combines conveyancing and mortgage advice is expecting a record month as the property market roars back.


Financial adviser owned by staff and clients launches ABS

18 June 2020

A firm of financial advisers has launched an alternative business structure to provide its clients with legal services which it claims are faster and “at least a third cheaper”.


ABSs “reshaping boundaries of law” with integrated services

17 June 2020

Alternative business structures are reshaping the boundaries of the law by emphasising the benefit of integrated professional services, rather than pure legal knowledge, a leading academic has argued.


Advocacy services firm becomes ABS

10 June 2020

An advocacy services firm which attended over 6,000 hearings last year has become an alternative business structure so it can add qualified advocates to its team of solicitors’ agents.


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.

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Reports


Report Cover
Our latest special report, produced in association with Temple Legal Protection, looks at the role of after-the-event (ATE) insurance in commercial litigation post-LASPO.