Tag Results

Alternative business structures (ABSs) will create additional demand for legal services outsourcing (LSO) and could in time become LSO providers themselves, a new book has predicted.

The impact of alternative business structures (ABSs) on organisations with in-house lawyers is likely to be felt most in the third sector, major new research has found – but hundreds of private companies and public authorities are looking at conversion too.

The chief executive of a blue-chip global wealth adviser that administers £200bn of assets has predicted alternative business structures are a reform of law firm ownership that other countries will have to adopt – having just secured a licence itself.

Direct Line’s new alternative business structure is set to launch on 3 March after receiving its alternative business structure licence, the insurer announced today. Meanwhile, BGL Group – the first insurance company to buy a law firm – has revealed a major client win.

An international construction law consultancy has become an alternative business structure (ABS) in order to take advantage of the esteem in which English firms are held elsewhere in the world, in one of the more unusual ABSs seen to date.