Legal Services Act

Slater & Gordon has announced UK revenues of just over £100m for its last financial year, and indicated that further acquisitions are to come in the coming 12 months.

The Solicitors Regulation Authority has finally licensed the first local authority alternative business structure (ABS), after approving the collaborative law firm set up by two Buckinghamshire local authority legal teams, Legal Futures can reveal.

The Legal Services Board (LSB) has extended by up to two months the time it can take to decide whether to approve a cut in the minimum indemnity limit for law firms.

Alternative business structure Quindell plc sought to halt yet another run on its shares yesterday by issuing its second trading update in little over three weeks.

There are now more than 300 alternative business structures (ABS) operating in England and Wales under the supervision of the Solicitors Regulation Authority.

A young solicitor entrepreneur is seeking crowdfunding for an online documents business that will offer instant contracts via a mobile app and alert customers by e-mail to relevant law changes.

Irwin Mitchell has announced the launch of an alternative business structure (ABS) with online insurer esure, called IMe Law. The move is the latest in a series of ABS deals between insurers and law firms.

The Canadian futurologist who wrote a key report on ‘agile working’ in the legal profession, has issued a blueprint for law firm associates who aim to strike out on their own.

David Ashcroft, the new managing director of Optima Legal, has outlined his ambitions for the ABS to become a market leader in commercial property and debt collection services.

A large majority of alternative business structures, 89%, would tackle their application differently if they applied to the Solicitors Regulation Authority (SRA) for a licence again, research has revealed.

The Legal Services Consumer Panel has hit back at criticism by the Solicitors Regulation Authority (SRA) that it opposes a minimum indemnity insurance limit of £500,000 for solicitors, while supporting it for accountants.

The statutory framework of the Council for Licensed Conveyancers (CLC) could be changed in a way that would potentially enable it to regulate all reserved legal activities, under plans outlined by the Legal Services Board (LSB).

The Institute of Chartered Accountants in England and Wales has been given the green light by Parliament to regulate alternative business structures which provide probate services, with dozens of firms already showing an interest in taking advantage.

NorthEdge Capital, a private equity firm focused on investing in businesses in the North of England, has announced an investment of £15m into Roberts Jackson, the Cheshire-based industrial disease alternative business structure.

Clinical negligence outsourcer 5R1 has announced its intention to become the first in its field to obtain alternative business structure (ABS) status. It currently operates as a claims management company, regulated by the Ministry of Justice.