Tag Results

A corporate/commercial solicitor has launched the latest alternative business structure with a view to forming partnerships with other professionals. Joanne Bligh has set up Thinking Legal in Birmingham.

The legal market is in danger of being consumed by the same doom and gloom that taunts the UK economy. For years the media have filled our TVs and newspapers with stories of fear, uncertainty and doubt. While some of the stories may be true, many are fiction. There is a real danger we are consumed by the fiction and allow negative predictions to become a self-fulfilling prophecy, where banks stop lending and consumers stop spending. A familiar story? We end up acting out the very scenario we want to avoid. I see the same pattern emerging in the legal world.

Alternative business structures and tax liabilities mean that over 2,000 law firms are at risk of failure in the next 12 months, according to the Association of Business Recovery Professionals, better known as R3.

The prospect of the first football-related alternative business structure moved closer to reality this week after a Norwich law firm set up a football agency. Leathes Prior has also launched an innovative litigation risk analysis tool.

Early interest in the Scottish form of alternative business structures is coming from solicitors looking to form partnerships with other professionals, rather than seeking external investment, the Law Society of Scotland has revealed.