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The British Printing Industries Federation, a trade association representing the UK’s print and packaging industry, has been awarded an ABS license, while a Hull-based employment, taxation, health and safety and environmental law service has also won ABS status.

Firms applying for alternative business structure (ABS) status believe the Solicitors Regulation Authority takes too long to approve applications and its staff are too “bureaucratic”, according to the regulator’s own research.

In the latest of our series profiling the new breed of alternative business structure, we speak to Red Square London, a law firm and multi-disciplinary family office that provides services mainly to wealthy Russian and Russian-speaking clients.

In the third part of our series in which we catch up on the progress of the new breed of alternative business structures (ABSs), we speak to Castle Park Solicitors, which was the first ABS to be created by a legal advice charity.

The Bar Standards Board (BSB) is unlikely to become an ABS licensing authority until 2015 and will not be regulating non-ABS firms, such barrister-only practices, before October this year, it has emerged.