Tag Results
Consumers “shocked” to discover not all legal services providers are regulated
Sunday, 17 October 2010There is widespread ignorance of the differences between legal services providers and consumers are shocked to discover not all of them are regulated, research commissioned by the Solicitors Regulation Authority has found. Consumers expect “all legal service providers to be appropriately skilled, qualified and regulated” and so distinguish between providers on such things as customer service and the quality of relationships.
Tags: ABS, Alternative business structures, reserved legal activities, Solicitors Regulation Authority
Posted in Marketing & PR, News, Regulation, Solicitors
Debt or equity – the best funding for you
Wednesday, 13 October 2010In the third part of his look at external investment in law firms, Jeremy Black of Deloitte looks at the kind of funding for you and what lessons there are from other professional services firms.
Tags: ABS, Alternative business structures, Slater & Gordon
Posted in Alternative business structures, News
Innovation nation
Tuesday, 12 October 2010Innovation has been on my mind of late. From the probate business I met last week that outsources legal work to an English solicitor working at an Australian law firm so that it gets done overnight, to Birmingham firm Blakemores and its stands in shopping centres, to the QualitySolicitors firm with branded and non-branded offices on opposite sides of the street.
Tags: ABS, Alternative business structures, marketing
Posted in Blog
So why would you need external investment?
Tuesday, 12 October 2010In the second part of his series looking at external investment in law firms, Jeremy Black of Deloitte looks at the good and not-so-good circumstances in which investment may be sought.
Tags: ABS, Alternative business structures, external investment, MDP, multi-disciplinary practice
Posted in Alternative business structures, News
Law firms – the most generous businesses in the world
Monday, 11 October 2010Jeremy Black, associate partner in Deloitte’s professional practices group, begins a week-long look at the issue of external investment in law firms by considering the forces of change that will encourage them to investigate the options available.
Tags: ABS, Alternative business structures, external investment
Posted in Alternative business structures, Market monitor, News
SRA bids to hold firm line against firms doing deals that pre-empt ABSs
Monday, 11 October 2010Solicitors should not be allowed to enter into any binding contracts for the sale of a law firm to a non-lawyer investor ahead of 6 October 2011, the board of the Solicitors Regulation Authority will be told this week. Certain conditional contracts should be off-limits too because they threaten the independence of law firms.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, News, Solicitors
Scottish Parliament approves ABSs with minority external investment
Thursday, 7 October 2010The Scottish Parliament yesterday approved the introduction of alternative business structures (ABSs) which are majority owned by solicitors and other regulated professionals. The Legal Services (Scotland) Bill completed its passage through Holyrood and allows external investors to hold 49% of any new legal services business.
Tags: ABS, Alternative business structures, Scotland
Posted in Alternative business structures, News
The final countdown
Wednesday, 6 October 2010Journalists love a good landmark and 6 October is a corker for those of us who get overly excited by legal services reform – the Legal Ombudsman opens today and in a year’s time, the first alternative business structure should open its doors. But is anyone keeping an eye on all the other reform agendas around litigation costs and funding to ensure that access to justice does not fall through the cracks?
Tags: ABS, Alternative business structures, external investment, Legal Ombudsman, legal process outsourcing, Legal Services Board, LeO, LPO
Posted in Blog
Indian LPOs want a piece of the “fat, complacent and profitable” UK market
Monday, 4 October 2010Indian legal process outsourcers see “a fat, complacent and profitable market place” in England and Wales “and they want a piece of it”, solicitors were warned last week. Mark Jones, former managing partner of Addleshaw Goddard, described legal process outsourcing as “a game changer for all of us” – 25% of Slaughter and May’s work is outsourceable, as is 50% of his own firm’s and maybe 100% for firms outside the top 50.
Tags: ABS, Alternative business structures, legal process outsourcing, LPO
Posted in Alternative business structures, News, Outsourcing
Local government lawyers identify seven models for council legal provision in future
Thursday, 30 September 2010The body representing senior council lawyers has called on local authority legal departments to make “a step change” in the way they work as they face up to the so-called age of austerity and the opportunities offered by alternative business structures – including the possibility of management buy-outs.
Tags: Alternative business structures, local authorities
Posted in Alternative business structures, Market monitor, News









