Alternative business structures

Anexo Group, the listed credit hire and legal services business, is looking to expand beyond road traffic accidents and the North-West and said the demise of other claimant law firms was “great” news.

The alternative business structure run for National Accident Helpline by Cardiff-based NewLaw Solicitors has added £3m in profitability to the law firm, it emerged yesterday.

An Essex full-service law firm has become an alternative business structure in order to further its ambitious expansion plans. Birkett Long is looking to establish a group structure.

The idea of alternative business structures is starting to gain a foothold in America after working parties in two more states joined California in recommending non-lawyer ownership of law firms.

A trainee legal executive and her practice manager sister have taken over the law firm owned by their mother after her death, by restructuring it as an alternative business structure.

A domestic violence charity has set up an alternative business structure to provide legal services for people who are not eligible for legal aid but cannot afford to pay for a private practice solicitor.

London law firm Child & Child went insolvent because of “severe cash flow difficulties” caused by excess office space, Brexit hitting a key practice area, high salary costs, and clients taking longer to pay.

Wavelength Law, the pioneering alternative business structure of legal engineers, has been bought by City firm Simmons & Simmons. It will introduce new services and solutions for Simmons’ clients globally.

London law firm Mishcon de Reya said yesterday that it was looking to raise capital, and refused to confirm or deny media reports that it is eyeing up a listing on the London Stock Exchange.

Five partners from London firm Child & Child, who acquired the firm after it went into administration at the end of last month in a management buyout, used an off-the-shelf ABS, it has emerged.

A pioneering alternative business structure specialising in space law and named after Neil Armstrong 50 years after he first stepped on the moon has gone live, Legal Futures can reveal.

An alternative business structure set up by an HR consultancy has launched a dedicated case management software tool aimed at integrating large company HR departments with its employment law offering.

The first alternative business structure licensed by the Bar Standards Board – a combination of barristers and football agents – has shut down, Legal Futures can reveal.

Eversheds Sutherland is to hive off three of its ‘alternative’ legal services teams into an alternative business structure, from which it will seek external investment to help more than double revenue to £100m.

The former head of operations at well-known media law firm Schillings has been banned from working for solicitors after reselling the firm’s used mobile phones and pocketing the proceeds.