Alternative business structures
Huge growth at PI ABS but Leeds office put on ice
Staff numbers at personal injury law firm Bond Turner grew by 65% last year but the listed company that owns it has put the firm’s expansion to Leeds on hold during the coronavirus crisis.
Exclusive: SRA to regulate National Accident Helpline
National Accident Helpline is giving up its authorisation as a claims management company and will in future be overseen by the Solicitors Regulation Authority, Legal Futures can reveal.
Time for Scotland to embrace ABSs, says watchdog
The Competition and Markets Authority has called for alternative business structures to be allowed in Scotland, and for a shift to the independent regulation of lawyers.
Arizona looks to become first US state to allow ABSs
Arizona has become the first state in the US to formally seek the introduction of alternative business structures, it has emerged.
ABSs diversify to offer clients non-legal services
Southern England commercial law firm EMW has made the first of what it says will be a series of acquisitions of specialist consultancies as it looks to diversify beyond legal work.
Sports ABS “ready to talk external investment”
A boutique sports law firm that counts Premier League football players among its clients has become an alternative business structure and is ready to discuss external investment.
Planning consultancy targets referrals with ABS
A planning consultancy has created an alternative business structure to handle the legal work associated with planning applications, targeting referrals from small law firms.
Another £11m in share sales by Gateley partners and staff
Partners and staff at listed law firm Gateley sold £11m worth of shares yesterday – making £27m since it went public – amid a burst of news about listed legal businesses, including Knights and Redde.
America continues creep towards ABSs
The American Bar Association yesterday encouraged states to consider “innovative approaches to the access to justice crisis” but made clear it was not recommending alternative business structures.
Top politician and ex-chief of defence staff join ABS
An alternative business structure that combines legal and political advice has hired Theresa May’s former chief of staff as well as a former chief of the defence staff.
Exclusive: Profits rocket at ABS where accountants supply clients
An alternative business structure owned equally by two law firms and an accountancy practice has recorded a 1,200% surge in post-tax profits.
DC lawyers bid to lead the way with ABSs
Lawyers in the US capital Washington DC are the latest in America to try and remove the ban on ABSs, while the president of the American Bar Association is backing efforts to rethink regulation.
New ABS aims to improve on fee-share model
The founders of a new consultant-led law firm are aiming to challenge not only the traditional law firm model but also the current fee-share models which have evolved over recent years.
Personal injury ABS joint venture collapses
The joint venture between NAHL plc – which owns marketing network National Accident Helpline – and Bristol-based law firm Lyons Davidson has collapsed, it emerged today.
US-owned London ABS grows European client base
A US-based legal services provider with a London-based alternative business structure focused on processing routine contract documents is steadily building its European client base.
Blog
The rise of the agent
We believe AI agents are going to represent the biggest change to the way in which the general public interact with professional services business for generations.
The lonely role of a COFA: sharing the burden of risk management
Compliance officers for finance and administration in law firms can often find themselves walking a solitary path. But what if we could create a collaborative culture of shared accountability?
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.
Reports
Associates
