Tag Results
Streamlined and quicker ABS licensing process on the way
Friday, 19 October 2012The Solicitors Regulation Authority is set to “streamline” the alternative business structure (ABS) application process, its chief executive has revealed after its approach and the time it takes were criticised at a high-profile event yesterday.
Tags: ABS, Alternative business structures, Legal Services Board, reserved legal activities, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Board, Solicitors
New ABSs target high net-worth individuals and Yorkshire high street
Thursday, 18 October 2012A Mayfair-based private client firm that has close links to a wealth manager and a personal injury practice that is diversifying into other areas of law have become the first new alternative business structures in nearly a month.
Tags: ABS, Alternative business structures, financial services, high street firms, personal injury, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Quindell to acquire second leading PI firm
Monday, 15 October 2012AIM-listed Quindell Portfolio is to acquire its second leading claimant personal injury (PI) law firm after reaching agreement to purchase Pinto Potts for around £14m. The deal also extends Quindell’s offering to insurers beyond PI.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
The future of PI: external investment, few CMCs and five or six major claimant firms
Wednesday, 10 October 2012“Numerous” external investors will appear alongside consolidation and new structures once the “floodgates of change” hit the personal injury market next year – with just five or six claimant firms likely to dominate – an authoritative new report has predicted.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
Oh yes – Direct Line set for ABS as it reveals £110m solicitor referral fee income since 2009
Tuesday, 9 October 2012Insurance company Direct Line will shortly make an application to become an alternative business structure, with the referral fee ban set to choke off a source of income that has raised £110m over the past three and a half years, it has emerged.
Tags: ABS, Alternative business structures, referral fees
Posted in Alternative business structures, Latest news
Exclusive: small business adviser eyes law firm acquisitions as part of push into legal services
Friday, 5 October 2012A company that currently provides small businesses with accountancy and HR advice is set to move into legal services, with an alternative business structure application and the acquisition of law firms likely, Legal Futures can reveal.
Tags: ABS, Alternative business structures, fixed fees
Posted in Alternative business structures, Latest news, Market monitor
Law firm joins forces with seven other businesses to launch collision-to-settlement ABS
Thursday, 4 October 2012A new business that brings together a law firm with seven other service providers needed to manage a motor accident from collision to settlement has applied for alternative business structure status, Legal Futures can report.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor
Here come the brands: AA applies for ABS licence…
Wednesday, 3 October 2012The AA has applied for an alternative business structure licence, Legal Futures can reveal. It follows the success of the motoring giant’s online legal document service, which was launched two years ago.
Tags: ABS, Alternative business structures, consumer brands
Posted in Alternative business structures, Latest news, Market monitor
… as Saga expands into fixed-fee private client services and bids for ABS status too
Wednesday, 3 October 2012Over-50s specialist Saga has today launched a new range of legal services which it claims aims to make the market “more straightforward in terms of charges, language and accessibility” – and has also applied for an alternative business structure licence.
Tags: ABS, Alternative business structures, conveyancing, fixed fees, legal expenses insurance, probate, will-writing
Posted in Alternative business structures, Latest news, Market monitor
Commercial firms “surprisingly” confident of profitability hike
Monday, 1 October 2012Two-thirds of commercial law firms are surprisingly confident of increasing profits by at least 10% in each of the next two years, despite concern about competition from ABSs, according to new research.
Tags: ABS, Alternative business structures, fixed fees, mergers, Online Legal Services, Technology
Posted in 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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