Tag Results
SRA in surprise move to revisit guidance on pre-ABS deals with external investors
Friday, 10 September 2010The Solicitors Regulation Authority is to revisit at its next meeting the question of whether to relax its rules on preparations in advance of the launch of alternative business structures next October.
Tags: ABS, Alternative business structures, external investment, Solicitors Regulation Authority
Posted in Alternative business structures, Market monitor, News, Solicitors
Case study: implementing Proclaim to compete more effectively
Friday, 10 September 2010Lees Solicitors LLP is a Wirral-based, multi-disciplinary practice employing over 100 staff at offices in Birkenhead, Heswall, and West Kirby. The practice recently chose the Proclaim Practice Management system from Legal Futures Associate Eclipse as a firm-wide replacement to its incumbent software. Eleni Kinch, professional support principal at Lees, discusses the practice, its reasons for IT investment and its strategy for the future.
Tags: ABS, Alternative business structures, IT
Posted in Technology
Guess who’s coming to dinner? LSB’s register of hospitality revealed
Friday, 10 September 2010A range of law firms and commercial interests have been wining and dining representatives of the Legal Services Board (LSB), according to information released to Legal Futures under the Freedom of Information Act.
Tags: ABS, Alternative business structures, Legal Services Board, Legal Services Consumer Panel
Posted in Consumer panel, Legal Services Board, News
Face-to-face legal advice via the Internet as law firm buys Capita’s helpline
Tuesday, 7 September 2010West Midlands law firm Forum Law is planning to give legal advice over the Internet after buying Capita Assistance’s legal helpline business. Called Legal Assistance Direct (LAD), the service already had contracts to provide legal advice to over five million client customers of various institutions. It currently receives around 35-40,000 calls a year.
Tags: Alternative business structures, Online Legal Services
Posted in Alternative business structures, News, Technology
SRA to warn firms not to enter into binding agreements with external investors yet
Sunday, 5 September 2010Law firms preparing to become alternative business structures should not enter into binding contractual agreements with prospective external owners, the Solicitors Regulation Authority is likely to warn this week.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, News, Solicitors
Property slump hits licensed conveyancers
Tuesday, 31 August 2010The property slump has had a major impact on the ranks of licensed conveyancers, with the number of students more than halving in just two years. But they are starting to take up their new probate rights.
Tags: Alternative business structures, Council for Licensed Conveyancers, licensed conveyancers, probate, reserved legal activities
Posted in News, Other lawyers
Appeals consultation shows LSB making contingency plans to regulate ABSs itself
Wednesday, 25 August 2010The Legal Services Board has continued making contingency plans to regulate alternative business structures itself if none of the current approved regulators are up to the task, it has emerged from a consultation on the arrangements for appeals against the decisions of ABS licensing authorities.
Tags: Alternative business structures, Legal Services Board
Posted in Alternative business structures, Legal Services Board, News
Private equity keen on the biggest and smallest City firms, says PE-backed solicitor
Thursday, 22 July 2010Private equity investors are interested in either the top City firms or niche practices, according to the solicitor who this week set up a law firm with private equity loans which could be turned into equity stakes when allowed.
Tags: Alternative business structures, private equity
Posted in Alternative business structures, Market monitor, News
First-Tier Tribunal set to hear ABS appeals
Friday, 16 July 2010The general regulatory chamber of the First-Tier Tribunal is set to hear appeals against decisions made over alternative business structures, it has emerged. The Legal Services Board believes appeals would be better with a single body than multiple bodies.
Tags: Alternative business structures, Legal Services Board
Posted in Alternative business structures, Legal Services Board, News
Who are they trying to fool?
Thursday, 15 July 2010Today’s Law Society Gazette carries an article optimistically entitled “Small firms will be ‘resilient’ in the face of ABSs”. This sums up a report by consultants Oxera, commissioned by the Law Society, and first revealed by Legal Futures last week. It came to the conclusion that ABSs are not only unlikely to undermine geographic access to justice for consumers, but would also not have a detrimental effect upon the businesses of small practitioners.
Tags: Alternative business structures
Posted in Blog









