Tag Results
Irwin Mitchell set for external capital after receiving ABS licence
Monday, 20 August 2012Irwin Mitchell has today become the largest law firm to become an alternative business structure and also received the first ‘multiple’ licences. In April 2011 the firm became the first to state its intention to seek external capital.
Tags: ABS, external capital
Posted in Alternative business structures, Latest news, Market monitor
Northampton law firm becomes latest ABS
Friday, 17 August 2012A 12-partner law firm with offices in Northampton and Milton Keynes has become the latest alternative business structure. Franklins Solicitors, which has 80 staff in all, provides a range of private client and commercial law services.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Companies facing referral fee ban “embracing opportunities” offered by ABSs
Thursday, 16 August 2012Alternative business structures are not a simple solution to circumvent the impending ban on referral fees, but referrers are starting to see real opportunities to enter the legal market themselves, a leading adviser has said.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor
ABS-in-waiting completes claims management acquisition
Thursday, 16 August 2012Quindell Portfolio, the AIM-listed business awaiting approval for its takeover of Liverpool law firm Silverbeck Rymer, has completed yet another acquisition by buying a leading claims management company network.
Tags: ABS, Alternative business structures, claims management companies
Posted in Latest news, Market monitor
Property management company becomes first multi-disciplinary ABS
Wednesday, 15 August 2012A London property management company has become the first multi-disciplinary alternative business structure. Crabtree Property Management is also the first company to use the ABS structure to enter the legal services market.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
ABSs and City law firms could be a volatile mix to the detriment of all, consultant warns
Tuesday, 14 August 2012The advent of huge amounts of “unthinking external capital into the fragile ecosystem of the legal profession” could create many unforeseen and irreversible effects among City law firms, a well-known consultant has warned.
Tags: ABS, Alternative business structures, external investment
Posted in Alternative business structures, Latest news
Exclusive: leading non-solicitor probate provider becomes ABS
Monday, 13 August 2012One of the country’s leading non-solicitor probate providers will today be unveiled as the newest alternative business structure. Kings Court Trust has chosen to be regulated by the Council for Licensed Conveyancers.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, estate administration, probate
Posted in Alternative business structures, Latest news, Market monitor, Other lawyers
CMCs enjoy 33% income rise to £774m but standards plummet in PPI goldrush
Friday, 10 August 2012Claims management companies saw a 33% increase in turnover to £774m last year, but standards are plummeting as they “fall over each other” to bring payment protection insurance mis-selling claims, their regulator has reported.
Tags: ABS, Alternative business structures, claims management companies, personal injury, PPI, referral fees
Posted in Latest news, Other lawyers
Plymouth firm becomes first criminal law ABS
Wednesday, 8 August 2012A firm in Plymouth has become the first criminal law practice to become an alternative business structure as the pace of new licences from the Solicitors Regulation Authority continues to step up.
Tags: ABS, Alternative business structures, criminal law
Posted in Alternative business structures, Latest news, Market monitor
High street firm becomes newest ABS as ‘virtual’ practice seeks licence
Tuesday, 7 August 2012Gloucestershire high street firm Langley Wellington yesterday became the latest alternative business structure (ABS). Meanwhile, Berlad Graham has become the latest ‘virtual’ law firm to apply to become an ABS.
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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