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Scottish firm plots ABS and backs capital adequacy rules for law firms
Tuesday, 30 August 2011Turcan Connell has signalled its intention to become one of the first alternative business structures in Scotland, while its joint senior partner has called for law firms to be subject to capital adequacy requirements. Douglas Connell said the introduction of ABSs provides a “once-in-a-lifetime opportunity” for lawyers.
Tags: ABS, Alternative business structures, capital adequacy
Posted in Alternative business structures, Market monitor, News
Blog
Law firms’ cost focus will drive financial innovation in the sector
What the pandemic has brought into sharp focus for firms is a desire to reduce costs. In 2019, research found cost reductions were last on a long list of priorities for firms; now they are near the top.
How burnout was my catalyst for serving lawyers instead of being one
As my legal career progressed, I began to realise the reality was very different than I had envisaged. I was in a constant state of stress, working very long hours. I normalised the stress, as it seemed to be everywhere I looked.
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