Alternative business structures


Co-op Legal Services stems losses and declares 2015 “our foundation year”

9 April 2015

Co-operative Legal Services (CLS) stemmed its losses in the second half of 2014 and remains a core part of the wider Co-operative Group, today’s annual results have revealed. While the group has returned to profit, CLS recorded a loss of £5m for the year.


New council ABS targets health sector as it looks to compete with private practice

2 April 2015

A new local authority alternative business structure is targeting the health sector as one of its main growth areas. Its head said that with “no traditional partnership structure or expensive offices, our fees are very, very competitive compared with specialist private sector law firms”.


Slater & Gordon shareholders buy into Quindell deal

2 April 2015

Institutional investors have snapped up new shares in Slater & Gordon to fund its purchase of Quindell’s professional services division, it announced overnight. Around 70% of the £637m initial purchase price – £456m – is being funded through new shares, with the rest through bank debt.


US firm in ABS first as PI mediation service and major council legal team also licenced

1 April 2015

A personal injury claims mediation business, an American law firm and one of the largest local authority shared legal services in the country are among the latest alternative business structures to be licensed by the Solicitors Regulation Authority.


University of Law granted ABS licence

27 March 2015

The University of Law has become the first academic institution to be granted an alternative business structure licence by the Solicitors Regulation Authority. ULaw said the licence will allow it to expand its legal advice clinic at the Bloomsbury branch in London.


HR consultancy and pensions provider enter legal market with ABSs

25 March 2015

A business offering unregulated legal services and HR consultancy is to launch an alternative business structure (ABS) to add reserved areas of law done in-house to its extensive menu of employment and HR advice.


Fairpoint “has platform” for further law firm acquisitions

17 March 2015

Fairpoint Group plc – which last year bought two law firms – said today that its financial success in 2014 has laid the foundations for further acquisitions. The AIM-listed business hitherto focused on ‘debt solutions’.


Law school ABS aims to provide paid-for advice to young entrepreneurs

17 March 2015

Nottingham Law School, the first in the country to apply for an alternative business structure (ABS) licence, aims to offer young entrepreneurs a paid-for business advice service, it has emerged.


Bitcoin specialist ABS rides litigation wave from volatile digital currency

16 March 2015

A partner at a small West London firm has taken ‘niche’ to a new level by specialising in litigation resulting from the first few turbulent years of digital currency bitcoin.


The first “teaching law firm”? Law school applies for ABS licence

13 March 2015

Nottingham Law School, part of Nottingham Trent University, has applied to the Solicitors Regulation Authority for an alternative business structure licence that would allow it to create a “teaching law firm”.

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Blog


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Choosing a reporting accountant

It would be beneficial for numerous reasons if the SRA considered providing certain reporting accountants with an accreditation or quality mark.


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