Tag Results
Can ABSs spark a revolution in wills and probate services?
Thursday, 30 September 2010Daniel Curran looks at how ABSs could improve the offering in the wills and probate market, and where probate genealogists fit in with the mix. On the face of it, he says, this should be one area where the benefits of the ongoing reform of legal services regulation should be most keenly and most beneficially felt by consumers.
Tags: ABS, Alternative business structures, will-writing
Posted in Alternative business structures, Market monitor, News
LSB: no ban on referral fees but publish all agreements with introducers
Wednesday, 29 September 2010The Legal Services Board (LSB) has confirmed that it does not back reinstating the ban on referral fees but said that instead all agreements between lawyers and their introducers should be published. As first reported on Legal Futures last month, the LSB said today that there is insufficient evidence to make the case for a ban, but that transparency and disclosure need to be improved. It also said there should be the same rules for the different parts of the regulated legal market so far as possible.
Tags: ABS, Alternative business structures, Legal Services Board, referral fees
Posted in Legal Services Board, News, Other lawyers, Regulation, Solicitors
Mayson: lawyers have lost touch with what clients want and need to rethink cost base
Wednesday, 29 September 2010Too many lawyers have lost touch with what clients are really looking for and need to do more to create value for their clients, legal strategy expert Stephen Mayson has claimed. He also argued that major law firms need to rethink their cost base as “stripping out cost, based on the traditional ways of working, has gone about as far as it can”.
Tags: Alternative business structures, outsourcing
Posted in Finance, Legal Services Act, Market monitor, News
BSB unveils blueprint to become specialist regulator of advocacy businesses
Monday, 27 September 2010The Bar Standards Board (BSB) will become a specialist regulator of entities providing advocacy services, if proposals set out today are approved. Under the plans, BSB-regulated entities could not have passive investors, would need a majority of managers who can practise as advocates in the higher courts, and could only have a maximum of either 10% or 25% of non-lawyer managers.
Tags: ABS, Alternative business structures, bar standards board, barrister-only entities, Barristers, LDP, legal disciplinary practice
Posted in Alternative business structures, Barristers, News
Conveyancing Association launches to lobby over lender panels and prepare for ABSs
Sunday, 26 September 2010Volume conveyancers are reaching out to all “serious” conveyancing practitioners in a bid to form a new representative body for the sector. The Conveyancing Association – which has grown out of the Direct Conveyancing Association – launches today with a rallying call against restricted lender panels and for conveyancers to respond to the impending challenge of alternative business structures.
Tags: ABS, Alternative business structures, conveyancing, licensed conveyancers
Posted in Alternative business structures, Other lawyers, Solicitors
Weekly round-up: ABSs, ABSs and more ABSs
Sunday, 26 September 2010Our weekly round-up of other relevant news from elsewhere finds alternative business structures on the minds of virtually everyone, whether in England, Scotland, Canada or the USA. If one theme emerges, it is that everyone is waking up to the threats and possibilities inherent in them.
Tags: ABS, Alternative business structures, external investment, private equity
Posted in Alternative business structures, Market monitor, Resources
Be afraid. Be very afraid. And then do something about it
Thursday, 23 September 2010What has struck me from the various conversations I’ve had of late is that though we are still more than a year away from alternative business structures (ABSs), there is already an awful lot going on out there. Those lawyers who think that I and others are exaggerating or scaremongering when we report on threats to the traditional practice of law should meet some of these people. It really is happening.
Tags: ABS, Alternative business structures, conveyancing, personal injury, probate
Posted in Blog
Tell me what you want, what you really, really want
Friday, 17 September 2010When you have been to as many legal conferences as I have over the past 15 years (and boy, have I been to a lot), you get practised at tuning in and out and getting on with other stuff – with the best will in the world, I’ve heard a lot of it before (and often from the same people). So listening to Shirley Woolham of CPP Group at the Epoq/Plexus Law conference on Tuesday was exciting on a couple of levels.
Tags: ABS, Alternative business structures
Posted in Blog
RBS: “huge opportunity” for big brands to dominate £15bn legal services market
Thursday, 16 September 2010There is a £15bn market in consumer and small business legal services and big brands “have the potential to dominate” it in the future, a senior representative of Royal Bank of Scotland (RBS) said this week.
Tags: ABS, Alternative business structures, Legal Services Act
Posted in Alternative business structures, Market monitor, News
Legal advice revolution? New £50 service for big brands to sell to customers revealed
Wednesday, 15 September 2010Some of the biggest brand names in the UK will shortly have access to a legal advice and assistance package for their customers costing around £50 a year, Legal Futures can reveal. CPP Group plc, which provides services via over 200 businesses worldwide – including Tesco, Marks & Spencer, Barclays and HSBC – has developed a product which will give consumers access to everyday consumer advice, a range of legal services, and relevant membership discounts and offers.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, News









