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The Bar Council has issued a sharp rebuke to the Legal Services Board for criticising how it is approaching the legal services reforms, saying that while “our regulators talk about key performance indicators, we talk about the interests of justice”.

It has now been 12 months since the formal introduction of alternative business structures (ABSs) by the Legal Services Act 2007. Prior to the reform being introduced, speculation about the effects such radical changes would have was rife. In particular, those pessimistic about the changes lamented the undermining of the legal profession via the introduction of so-called ‘Tesco Law’, combined with the ringing of the death knell for the high street firm as we currently know it.

Leading defendant law firm Keoghs has secured “significant investment” from mid-market private equity investor LDC, which is part of Lloyds Banking Group. It is taking a 22.5% minority stake.

One of the country’s largest consumer law firms has become the latest alternative business structure (ABS) as it targets working with “well-known brands” to offer a range of legal services.

Insurers will be forced to consider alternative business structures (ABSs) if the government is not sufficiently “bold” in reducing the level of legal fees for RTA portal cases, a leading defendant lawyer has warned.