Alternative business structures
Consumer law firms optimistic but fee pressure looms
Almost two-thirds of solicitors active in the main consumer law areas expect their workload to increase over the next year – but there is looming pressure on fees, a survey has found.
Redde sees 150% rise in profits from joint venture ABSs
Accident management group Redde plc – which owns NewLaw Solicitors – has seen profits from the law firm’s five alternative business structure joint ventures increase by nearly 150%.
PI firms merge to take on 2020 reform upheaval
Personal injury firms in Sheffield and Macclesfield have merged and created a new alternative business structure as they bid to ride out the upheaval of next year’s reforms.
University creates ABS to fuse law degree with work experience
Sheffield Hallam University has set up a standalone law firm so it can offer a law degree that incorporates mandatory work experience into every year of the course.
Construction business becomes ABS to reduce client confusion
A multi-disciplinary construction business has become an alternative business structure, in part to reduce confusion among clients and also offer a one-stop shop.
Tax consultancy sets up ABS to become one-stop shop
A tax consultancy has set up an alternative business structure to create a “one-stop shop” for independent contractors seeking advice, saying ABSs had made the law more entrepreneurial.
Global law company seeks more purchases after buying UK firm
Global law company Elevate is looking for more acquisitions this year after buying pioneering UK commercial law firm Halebury, which uses freelance lawyers to support in-house teams.
ABSs forge ahead as number of conveyancing firms shrinks
Alternative business structures operating in conveyancing are significantly more positive about their future than traditional practices as the number of firms in the field continues to fall.
New ABS combines legal and accountancy advice
A litigation-focused legal and accountancy alternative business structure, which opened for business this month, is set to benefit from an “explosion” in contested probate cases.
Innovation in law – it takes “sweat, risk and stubbornness”
The founder of pioneering alternative business structure rradar has described innovation in the legal sector as “sweat, risk and stubbornness”. It is now lining up acquisitions to aid growth.
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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