Alternative business structures

A defendant insurance law firm is to join forces with commercial claims handlers and loss adjusters within an alternative business structure to provide an outsourced service to insurance companies for professional indemnity claims.

Riverview Law, the fixed-priced commercial law business, has signed a strategic alliance with south-east firm DMH Stallard that will see the pair pitch jointly for new business. Riverview is also applying for an alternative business structure (ABS) licence.

National firm Shakespeares has become one of the largest law firms to date to become an alternative business structure. The ambitious firm, led by chief executive Paul Wilson, has been on the acquisition trail in the last five years, with six mergers.

The number of alternative business structures approved by the Council for Licensed Conveyancers has risen to 35 in recent weeks, but several of the new licensees have branded the process as “unnecessary” and delivering “no benefit” to their businesses.

A claims management company specialising in interest-rate swap mis-selling could become an alternative business structure in order to litigate its own cases. All Square Treasury has just announced the appointment of a legal director.

Corporate services provider Jordans has turned to the head of legal at a leading business process outsourcer to spearhead its planned alternative business structure. Debbie Farman, formerly legal director of Vertex, will lead a team of lawyers, paralegals and corporate compliance experts.

A legal advice charity in Leicester has become the first not-for-profit organisation to set up an alternative business structure (ABS), Legal Futures can reveal. The Community Advice and Law Service has won approval to launch Castle Park Solicitors Community Interest Company.

A law firm offering ‘click and collect’ legal services plans to double in size after securing its alternative business structure licence. Leeds firm Winston Solicitors originated as an online-only legal practice from managing partner Jonathan Winston’s spare room 10 years ago.

Requiring all 10,000 law firms to report non-material breaches to the Solicitors Regulation Authority is “unsustainable and cannot be justified”, the regulator’s board will be told today. Meanwhile, the number of firms and individuals facing action over COLP/COFA nomination failures has risen to 928.

Kathryn Mortimer, head of legal services for the DAS UK Group, has been named managing director of its new law firm, DAS Law. DAS Law was created after the legal expenses insurer was granted an alternative business structure licence.

Solicitors Regulation Authority (SRA) plans to issue guidance on the financial penalties it will impose on alternative business structures (ABSs) and those working in them are premature, the Law Society has claimed.

There will be close scrutiny on the Solicitors Regulation Authority to ensure that alternative business structures (ABSs) tying insurers and solicitors together prioritise their duties to injured people, the regulator was warned yesterday.

The Legal Services Board is to keep the performance of the Solicitors Regulation Authority in issuing alternative business structure licences under scrutiny, it has emerged. We have discovered that in January it issued a statutory notice requiring the SRA to provide information.

A majority of consumers would consider buying legal services from big brands, but publicity around alternative business structures and new ways to access the law over the past two years has not increased their appetite, research has indicated.

The Council for Licensed Conveyancers (CLC) has confirmed it will again attempt to extend the scope of services it regulates later this year and fired the opening shot of a campaign to issue licenses to individuals who are not conveyancers.