Alternative business structures
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.
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.
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.
An alternative business structure owned equally by two law firms and an accountancy practice has recorded a 1,200% surge in post-tax profits.
Lawyers in the US capital Washington DC are the latest in America to try and remove the ban on ABSs, while the president of the American Bar Association is backing efforts to rethink regulation.
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.
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.
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.
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.
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.
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 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.
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 has recorded a 29% increase in turnover in its last financial year as it consolidates its position as the country’s largest probate provider.
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.