Alternative business structures
Optima Legal joins Capita empire after ABS award
Outsourcing giant Capita can complete its purchase of Optima Legal and Cost Advocates after the SRA today granted Optima an alternative business structure license.
Local authority ABSs need “clear rationale”
Local authorities must have a “really clear rationale” before setting up ABSs to generate extra income, a leading public services lawyer has warned. Potential problems included conflicts of interest, confidentiality and indemnity insurance.
Riverview Law granted ABS licence
Pioneering legal business Riverview Law has been granted an alternative business structure (ABS) licence, enabling it to own Riverview Solicitors. As of 1 June, Riverview Solicitors will merge into Riverview Law.
ABSs top 300 mark with latest licencees demonstrating variety of new legal breed
The number of alternative business structures (ABSs) has passed 300, with a major international business support services company with offices around the world among the latest to achieve the status.
LSB reviews hurdles faced by non-lawyers who want to own ABSs
Plans to simplify the approval process for non-lawyer owners of alternative business structures are being considered by the Legal Services Board, it has emerged. Private equity purchasers are proving particularly tricky under the current regime.
Exclusive: major blow to Co-op Legal Services as Blacklaws departs
Christina Blacklaws, who has spearheaded the development of Co-operative Legal Services, left the alternative business structure at the end of last month, Legal Futures can reveal.
Council legal team launches procurement exercise to find ABS partner
Kent County Council’s legal services team is expecting a bumper response from law firms and other legal services providers after starting a unique procurement exercise for a joint venture partner within an alternative business structure.
AIM-listed financial services business agrees £15m deal to buy Simpson Millar
An AIM-listed consumer financial services business is to acquire national law firm Simpson Millar – which had last year looked like being bought by Slater & Gordon – for £15m.
SRA’s approach to licensing ABSs “damaging competition, consumers and access to justice”
The Solicitors Regulation Authority’s approach to licensing non-traditional businesses as alternative business structures is “impacting competition, access to justice and negatively affecting consumers”, the Legal Services Board has claimed.
ABS brings together conveyancing with estate agency and financial advice
A solicitor has merged her law practice with the family estate agency and finance business in an alternative business structure that is thought to be the first in Cumbria.
Blog
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
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.
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