Kent County Council narrows down potential ABS joint venture partners to one


handshake

Kent County Council could do the deal in September

Kent County Council, which tendered for a joint venture partner to set up alternative business structure last autumn, has narrowed the list of potential candidates to one, it has emerged.

A governance and audit committee paper this month reveals that the bidder will make a presentation to Kent’s commissioning advisory board in early September.

This time last year, the county council endorsed an “outline business case” recommendation that its legal services department should seek a commercial partner to form a joint venture, which would apply to the Solicitors Regulation Authority to become an ABS.

Since then, in August 2014, the first local authority ABS has been licensed by the SRA – Buckinghamshire Law + Limited, made up of solicitors from Buckinghamshire County Council and Buckinghamshire and Milton Keynes Fire Authority.

This was shortly followed by HB Public Law, the shared legal service set up by Harrow and Barnet councils in London.

Meanwhile in Kent, the county council issued its tender for a commercial partner for an ABS in October.

The governance and audit paper argued that the benefits of setting up an ABS were an opportunity for Kent to receive an “initial capital investment” from the partner, the opportunity for “sustainable growth” and securing an interest in an “appreciating asset”, an “increased income stream” and “recurring savings on the cost” of the council’s annual legal spend.

To avoid conflicts of interest, the council said it had obtained legal advice for its review of legal services and on its procurement from national law firm TLT.

The “bidder presentation” to Kent’s Commissioning Advisory Board is scheduled for 9 September.

An earlier paper, for Kent’s policy and resources cabinet committee, described the last two bidders for the ABS as “end-to-end legal practices with a national coverage” and said “both already have partnerships in place with other organisations with whom they have formed successful alternative business structures”.

Tags:




Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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.


Loading animation