Tag Results
The commercial law firm that came in from the cold – newest ABS embraces regulation
Friday, 2 November 2012A business offering corporate and commercial legal services has entered into regulation by becoming the newest alternative business structure (ABS) licensed by the Solicitors Regulation Authority.
Tags: ABS, Alternative business structures, reserved legal activities, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Exclusive: top consumer law firm targets tie-up with big brands after receiving ABS licence
Thursday, 1 November 2012One of the country’s largest consumer law firms has become the latest alternative business structure (ABS) as it targets working with “well-known brands” to offer a range of legal services.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
Exclusive: government rejects SRA bid to increase fining power from £2,000 to £250m
Wednesday, 31 October 2012The government has rejected the Solicitors Regulation Authority’s bid to increase the amount it can fine law firms from £2,000 to £250m, Legal Futures can reveal. The SRA had wanted its powers to penalise ‘traditional’ firms to match those it already has for ABSs.
Tags: ABS, Alternative business structures, Legal Services Board, referral fees, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in Latest news, Solicitors
Clayden: level of fixed costs will determine insurers’ appetite for ABSs
Wednesday, 31 October 2012Insurers will be forced to consider alternative business structures (ABSs) if the government is not sufficiently “bold” in reducing the level of legal fees for RTA portal cases, a leading defendant lawyer has warned.
Tags: ABS, Alternative business structures, RTA portal
Posted in Latest news, Market monitor
Majority of top firms eyeing growth through merger as ABSs appear on the radar
Tuesday, 30 October 2012Nearly 60% of top 100 law firms view mergers and acquisitions as a leading growth opportunity in a challenging legal services market – with the prospect of alternative business structures starting to snap at their heels, according to a prestigious benchmarking survey.
Tags: ABS, Alternative business structures, legal process outsourcing, mergers
Posted in Latest news, Market monitor, Outsourcing
Litigation funder eyes ABS as way to finance law firms’ contingency fee work
Thursday, 25 October 2012A litigation funder with £40m a year to invest is considering using alternative business structures to make funds available to law firms, according to its chief executive. They have to be prepared to work under damages-based agreements (contingency fees), however.
Tags: ABS, Alternative business structures, contingency fees, Litigation Funding
Posted in Alternative business structures, Latest news
ABS licence for top building society and estate agency
Wednesday, 24 October 2012A volume conveyancing business owned by Britain’s fourth largest building society is targeting a move into other areas of legal services after receiving its alternative business structure (ABS) licence.
Tags: ABS, Alternative business structures, conveyancing, Council for Licensed Conveyancers, licensed conveyancers
Posted in Alternative business structures, Latest news, Market monitor, Other lawyers
SRA lays out plan to implement referral fee ban
Tuesday, 23 October 2012It will be for personal injury solicitors to convince the Solicitors Regulation Authority (SRA) that they are not paying referral fees once the ban comes into force, it emerged today as the SRA published its long-awaited consultation on how it will implement the ban.
Tags: ABS, Alternative business structures, claims management companies, CMC, marketing, personal injury, referral fees, Solicitors Regulation Authority
Posted in Latest news, Marketing & PR, Solicitors
Top firms “waking up” to competition from ABSs – with one in five planning conversion themselves
Tuesday, 23 October 2012Alternative business structures (ABSs) are increasingly on the radar of the top 100 law firms, with a growing number recognising them as threats to their profitability – and one in five planning ABS conversion themselves, according to new research.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Commercial claims company eyes ABS status
Tuesday, 23 October 2012A commercial claims management company is considering converting to an alternative business structure (ABS) to further its work in aiding investors recoup losses from complex investments which they have been mis-sold.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Blog
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
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.
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