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Liverpool-based SGI Legal has set its sights on reshaping the way personal injury law firms operate having received its alternative business structure licence from the Solicitors Regulation Authority.

Alternative business structures may be bad for traditional law firms, but they will have a positive impact on clients, a snapshot survey of small firms has found. This is despite the belief that new entrants will not provide the same quality or ethical standards as traditional practices.

The managing partner of private equity-backed Knights Solicitors has reinforced his short-term plans after investor James Caan revealed ambitions to gatecrash the UK’s top 20 law firms. Mr Cann outlined long-term acquisition goals to send the £10m turnover Staffordshire firm soaring.

Direct Line Insurance Group plc is to partner with alternative business structure Parabis Law to launch a wholly owned law firm, it announced yesterday. The insurer will offer a range of injury and non-injury services to existing and new customers.

An accountancy firm for contractors, freelancers and self-employed professionals has launched its own law firm as the “missing piece in the client service jigsaw”. Brookson Ltd – based in Warrington – is only the second firm of accountants to become an ABS.