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Manchester firm ties up joint venture with insurer as law centres win ABS exemption extension

A Manchester law firm has launched a joint venture alternative business structure (ABS) with one of its major insurer clients. Meanwhile, the transitional exemption from ABS licensing currently afforded to not-for-profit organisations has been extended indefinitely.

September 27th, 2013 | No Comments »

Allow not-for-profit agencies to charge, says LSB as it delays date for them to become ABSs

Not-for-profit (NFP) advice agencies should be allowed to charge for providing legal services soon, the Legal Services Board said yesterday, while also announcing a delay in the creation of an alternative business structure licensing scheme until at least April 2015 because no regulator is ready to provide it.

December 6th, 2012 | No Comments »

LSB: City firms can overcome worries about international reaction to ABSs

City firms’ concerns over the international rejection of alternative business structures can be overcome quite easily, a Legal Services Board study has concluded – but they are not interested in ABSs anyway, confirming the findings of a host of other surveys and reports.

September 21st, 2011 | No Comments »