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A leading insurance intermediary has agreed a £120m contract with the proposed alternative business structure (ABS) being put together by Quindell Portfolio. Quindell is awaiting SRA approval for its acquisition of Liverpool law firm Silverbeck Rymer.

Twelve regulators and professional bodies from the legal, accountancy, financial and property sectors have finally signed a formal agreement aimed at co-ordinating the oversight of multi-disciplinary practices.

Any form of growth requires funding. Traditionally law firms have funded growth (or in some cases losses) from the high street banks. We have all recognised that this option no longer exists – or does it? The reality is that if you have a good solid history and a sound business plan, then most of the banks will still provide this badly needed access to capital. If you are not so fortunate, how are you going to expand without investing either your own cash, or someone else’s?

The third edition of the SRA Handbook in just seven months has gone live after being approved by the Legal Services Board. A fourth edition in less than a year since the Handbook went live on 6 October 2011 should be necessary in June.

The Solicitors Regulation Authority has given Australia’s Slater & Gordon the green light to take over Russell Jones & Walker after granting it the fifth alternative business structure licence. The move will kick-start a strategy that will include further acquisitions.