- Friday, 27 April 2012
Andrew Whitehouse of corporate finance house Smith Square Partners – which is targeting the legal market after tying up with ABS Advisory Partners – says that with consolidation set to accelerate, converting to a corporate structure is the best way for law firms to take advantage of it
Tags: ABS, Alternative business structures, corporate structure, incorporation, Legal Services Act, mergers
Posted in Blog
- Wednesday, 24 August 2011
The number of incorporated law firms has risen sharply in the past year, with more than a fifth of legal practices now limited companies. According to Solicitors Regulation Authority figures, 2,400 of the 10,973 law firms as of July were incorporated companies, compared to 1,898 a year before – a rise of 26%.
Tags: incorporation, limited liability partnership, LLP, Solicitors Regulation Authority
Posted in Finance, News
- Friday, 22 October 2010
Over half of all law firms have either lost business to a non-lawyer competitor or expect to in the future, a new survey from accountants Baker Tilly has revealed. Some 29% of firms with 25 partners or fewer had already lost business to a non-lawyer competitor, compared to 12% of larger practices.
Tags: ABS, Alternative business structures, external investment, incorporation, legal disciplinary practice
Posted in Alternative business structures, Barristers, News, Solicitors