Tag Results
More than a third of barristers keen to join new business structures, BSB survey finds
Monday, 12 July 2010More than a third of barristers are likely to join a new business structure in the next five years, research has shown, and this number is likely to increase as understanding of the opportunities under the Legal Services Act improves.
Tags: Alternative business structures, bar standards board
Posted in Barristers, Market monitor, News
What is the Coalition thinking?
Friday, 9 July 2010I thought I would post an update on what I have heard about the Coalition’s thinking about the legal services reforms – there’s nothing concrete, because ministers are still not talking about this subject publicly. This comes just from being round and about and talking to those who are (or at least claim to be) in the know, so I can’t vouch for its total accuracy.
Tags: Alternative business structures, Legal Ombudsman, Legal Ombudsman, Legal Services Act
Posted in Blog, Legal Services Act
ABSs to undergo scrutiny of Cabinet committee aiming to slash regulation
Thursday, 3 June 2010A new Cabinet committee is to review whether the Office for Legal Complaints (OLC) and alternative business structures (ABSs) should be implemented, it emerged yesterday. The news comes as The Times speculated today that the new team at the Ministry of Justice might kick ABSs into the long grass, but investigations by Legal Futures indicate that there is no foundation for this.
Tags: Alternative business structures, Legal Services Board
Posted in Alternative business structures, Latest news, Legal Ombudsman, Legal Services Board
Consumers not that keen on Tesco Law, survey finds. Or M&S Law. Or solicitors’ fees
Wednesday, 2 June 2010Consumers of legal services are not tempted by the prospect of household name brands moving into legal services, research has found. It also revealed that ‘expense’ or ‘expensive’ was the word most commonly associated with the word ‘solicitor’, while almost half of those interviewed felt the experience represented poor value for money.
Tags: Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor, Solicitors
SRA publishes new regulatory regime for solicitors, including 46-page code of conduct
Friday, 28 May 2010The Solicitors Regulation Authority has today laid out the detail of its proposed new approach to regulation, including first sight of an outcomes-based code of conduct that at 46 pages is around a sixth the size of the current code.
Tags: Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Now Scottish solicitors vote to limit non-lawyers to minority stake in ABSs
Thursday, 27 May 2010Scottish solicitors have now voted to allow a minority of external ownership of law firms, it emerged today. In the latest twist of the ongoing saga of members of the Law Society of Scotland trying to find a compromise, two motions were narrowly passed at today’s AGM in favour of alternative business structures, but with inconsistent terms.
Tags: Alternative business structures, Scotland
Posted in Alternative business structures, Latest news
LSB could pose risk to independence of legal profession, warns Law Society president
Tuesday, 25 May 2010The Legal Services Board’s powers to seize control of regulation from the approved regulators is unnecessary and casts a shadow over the independence of the legal profession, the Law Society president has claimed.
Tags: Alternative business structures, Law Society, Legal Services Board
Posted in Latest news, Legal Services Board, Solicitors
Ten of the best as SRA unveils four new core duties for slimmed-down code of conduct
Tuesday, 25 May 2010There are to be four extra core professional duties when the Solicitors Regulation Authority (SRA) unveils a slimmed-down Code of Conduct later this week, it has emerged. The draft 40-page code – which will form part of an online Solicitors Handbook bringing together all of the SRA’s regulatory regime – is at the heart of next year’s move to outcomes-focused regulation.
Tags: Alternative business structures, financial management, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Scots push solicitor majority ownership compromise in ABSs row
Friday, 30 April 2010The council of the Law Society of Scotland has today ditched its support for all forms of alternative business structures and instead backed a compromise that favours majority ownership of law firms remaining with solicitors, or solicitors with other regulated professionals.
Tags: Alternative business structures, Scotland
Posted in Alternative business structures, Latest news
From RTAs to ABSs
Friday, 30 April 2010Today marks the start of the new claims process for uncontested road traffic accident claims worth between £1,000 and £10,000. It promises speedier and cheaper justice for minor injury victims. For law firms it offers great cash flow, quicker turnaround on cases and the possibility of delegating to more junior staff. What’s not to love? But isn’t that just the kind of work that would-be ABSs want?
Tags: Alternative business structures
Posted in Blog









