Tag Results
Mayson warns regulators against denying ABS licences over access to justice fears
Thursday, 20 December 2012‘Advice deserts’ that appear as a result of competition brought about by alternative business structures cannot be dealt with effectively by regulators operating under the Legal Services Act, an academic study headed by Professor Stephen Mayson has argued.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news
Quindell gains ABS licence and says it can deliver profit under new costs regime
Tuesday, 18 December 2012Quindell Portfolio has finally received its alternative business structure (ABS) licence and also predicted that it will be able to operate profitably within the new fixed fees and small claims structure put forward by the government.
Tags: ABS, Alternative business structures, personal injury, RTA portal
Posted in Alternative business structures, Latest news, Market monitor
Kiss and make up? Edmonds and Deech begin process of détente
Tuesday, 18 December 2012The Legal Services Board has no agenda for fundamental reform of the profession and would like to see a new era of co-operation between frontline regulators on matters of common interest, its chair David Edmonds told barristers last week.
Tags: ABS, Alternative business structures, bar standards board, Legal Services Board
Posted in Alternative business structures, Barristers, Latest news, Legal Services Board
Traditional firms “more innovative than ABSs”, says SRA, as it promises COLP/COFA reassurance
Monday, 17 December 2012Innovations in legal practice are coming more from traditional law firms than from ABSs, the SRA said last week. Meanwhile, it will this week clarify the position of firms that have submitted COLP and COFA nominations but have not yet received approvals.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, outsourcing, personal injury, practising certificate, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Irwin Mitchell lands new chief financial officer
Thursday, 13 December 2012Leading national law firm Irwin Mitchell today announces the appointment of Andrew Merrick as its new chief financial officer.
Tags: ABS
Posted in associate news
Listed insurance company set for law firm acquisition after gaining ABS licence
Thursday, 13 December 2012Well-known legal expenses insurer Abbey Protection plc should complete its acquisition of a law firm early next year, it revealed yesterday after receiving an alternative business structure (ABS) licence from the Solicitors Regulation Authority.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Ombudsman warns of dangers of ABS conveyancing factories putting volume over service
Tuesday, 11 December 2012Alternative business structures will create “conveyancing factories” that exert a downward pressure on prices and could lead to an upsurge in complaints because of a focus on volume over service, the Legal Ombudsman has warned.
Tags: ABS, Alternative business structures, conveyancing, conveyancing quality scheme, Legal Ombudsman, LeO, licensed conveyancers
Posted in Alternative business structures, Latest news, Legal Ombudsman
Survey: ABSs are good for large PI firms – but not small practices or injured people
Tuesday, 11 December 2012Alternative business structures in the personal injury market will do little to improve injured people’s access to justice but will benefit larger law firms at the expense of smaller ones, a new survey has found. Firms were split over whether their business models can survive the Jackson reforms.
Tags: ABS, Alternative business structures, Jackson report, personal injury
Posted in Alternative business structures, Latest news, Market monitor
New solicitor marketing network to spend £3m as Thompsons eyes trade union partnerships
Friday, 7 December 2012A new national marketing network of solicitors specialising in personal injury claims will be launched in the New Year with funding to spend more than £3m a year on advertising as firms come to terms with the upcoming ban on referral fees. Meanwhile new ABS Thompsons hinted at possible alliances with trade unions.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor, Marketing & PR
Allow not-for-profit agencies to charge, says LSB as it delays date for them to become ABSs
Thursday, 6 December 2012Not-for-profit (NFP) advice agencies should be allowed to charge for providing legal services soon, the Legal Services Board said yesterday, while also announcing a delay in the creation of an alternative business structure licensing scheme until at least April 2015 because no regulator is ready to provide it.
Tags: ABS, Alternative business structures, not-for-profit, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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