Alternative business structures


Another £11m in share sales by Gateley partners and staff

19 February 2020

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.


America continues creep towards ABSs

18 February 2020

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.


Top politician and ex-chief of defence staff join ABS

10 February 2020

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.


Exclusive: Profits rocket at ABS where accountants supply clients

4 February 2020

An alternative business structure owned equally by two law firms and an accountancy practice has recorded a 1,200% surge in post-tax profits.


DC lawyers bid to lead the way with ABSs

4 February 2020

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.


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.

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Blog

24 February 2020

Challenges facing general counsel in the 2020s

Business expectations of general counsel and in-house lawyers are changing rapidly – and are likely to evolve still further in the 2020s.

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