Alternative business structures

Fast-growing wealth management and legal services firm Progeny has continued its expansion by acquiring conveyancing firm Watson Law, with three financial planning firms next on its agenda.

Legal marketing business First4Lawyers is to create an alternative business structure to handle road traffic accident claims after the whiplash reforms are introduced in May.

Alternative business structures will not be allowed in New York for the time being because the case for them improving access to justice has not been made, a commission has decided.

A law firm that works with non-legal businesses to offer SME clients a multi-disciplinary service is to convert to an alternative business structure so that they can share fees.

A commercial QC has taken the unusual step of setting up an alternative business structure with an accountant, in contrast with what he described as the “outmoded” chambers structure.

The head of the first ‘teaching law firm’, Nottingham Law School’s Legal Advice Centre, has said it is “busier than ever” helping clients, many of whose problems are related to the pandemic.

A professional services consultancy specialising in advice to foreign businesses wanting to set up in the UK has become an alternative business structure after “exponential growth” in 2020.

There is “much to celebrate” from the first decade of the Legal Services Act but the basic legal needs of many citizens are still not being met, the Legal Services Board said today.

An alternative business structure which launched as a specialist conveyancing firm with three staff in March 2019 is aiming to hit 50 staff across a range of practice areas by the end of 2021.

The alternative business structure owned by global insurance services firm Crawford & Company is expanding into Australia after buying up a leading defendant practice in the country.

Big Four firm Deloitte yesterday issued a statement of intent to the London legal market by announcing that it is to acquire leading technology and digital media law firm Kemp Little.

A family law barrister, together with the former chief executive of the Lawn Tennis Association, are looking to shake up the Bar by adopting a corporate structure for their new chambers.

Co-operative Legal Services has been fined nearly £144,000 for recovering more costs in personal injury claims than it was entitled to – the largest fine the SRA has ever handed out to an ABS.

A solicitor has launched a second law firm regulated by the Bar Standards Board – this time an alternative business structure with a letting agent client.

Echelon Law, an alternative business structure which specialises in buying small high street law firms with succession problems, is set to acquire three more, Legal Futures can report.