Tag Results
The satisfied probate client: face-to-face advice from a solicitor on a fixed fee, says major survey…
Monday, 19 March 2012Consumers of probate and estate administration services are significantly more satisfied when they receive their advice face to face, rather than by e-mail, post or telephone, major research has found, while those on fixed fees pay a third less than those charged by the hour.
Tags: ABS, Alternative business structures, estate administration, Legal Services Board, probate, reserved legal activities
Posted in Latest news, Legal Services Board
Djanogly: ABSs helping to create conditions for legal aid firms “to flourish”
Monday, 19 March 2012The legal aid reforms will open up opportunities for law firms, with alternative business structures (ABSs) offering one way to exploit them, justice minister Jonathan Djanogly claimed last week. The significance of ABSs “cannot be overstated”, he said.
Tags: ABS, Alternative business structures, legal aid, Legal Aid Sentencing and Punishment of Offenders Bill, not-for-profit
Posted in Alternative business structures, Latest news
Law Society tells LSB: keep your tanks off our lawn
Friday, 16 March 2012The Law Society has warned the Legal Services Board that it is overstepping its role as an oversight body by trying to become a market regulator. The society said the board plans for the future suggested an “inappropriately proactive approach for an oversight regulator”.
Tags: ABS, Alternative business structures, internal governance rules, Law Society, Legal Ombudsman, Legal Services Board
Posted in Latest news, Legal Services Board, Solicitors
Quindell targets huge growth with more law firm acquisitions along the way
Thursday, 8 March 2012Silverbeck Rymer may not be the last law firm acquired by Quindell Portfolio as it targets rapid growth to achieve a 15-20% share of the personal injury market over the next year, the AIM-listed company’s chief executive has told Legal Futures.
Tags: ABS, Alternative business structures, referral fees
Posted in Alternative business structures, Latest news, Market monitor
Admiral Insurance mulling ABS option, chief executive confirms
Thursday, 8 March 2012Admiral Insurance is “considering its options” over becoming an alternative business structure, chief executive Henry Engelhardt confirmed yesterday. He indicated that the company is waiting to see the final shape of the ban on referral fees.
Tags: ABS, Alternative business structures, referral fees
Posted in Alternative business structures, Latest news, Market monitor
News round-up: Kennedys eyes investment, run-off cover call, Manchester firms’ growth stalls, and more
Monday, 27 February 2012Our latest news round-up reports on City firm Kennedys’ likely need for external investment, Law Society lobbying over run-off cover, Mishcon’s new private client service, a review of Manchester firms’ financials and an anti-HSBC petition.
Tags: ABS, Alternative business structures, conveyancing, minimum salary, professional indemnity insurance
Posted in Latest news, News In Brief
Revealed: financial services group set to enter the law with PI firm as 33 stage 2 applications go in
Thursday, 23 February 2012A financial services group is to submit its stage two ABS licence application this week as it bids to add a legal practice to its portfolio, Legal Futures can reveal. It comes as the SRA reveals how many would-be ABSs have filed stage two applications.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor
PI firms need scale to survive, says firm pumping £3m into its business
Wednesday, 22 February 2012Personal injury firms need scale to survive in future, a Manchester law firm has warned as it gears up for a £3m investment into growing its practice. Express Solicitors is expanding ahead of ABSs, the referral fee ban and the extended RTA portal.
Tags: ABS, Alternative business structures, LDP, legal disciplinary practice, personal injury, referral fees, RTA portal
Posted in Latest news, Market monitor
LawVest unveils fixed-price law firm combining solicitors and barristers
Monday, 20 February 2012A groundbreaking business law firm operating entirely on fixed fees and featuring a mix of leading barristers and solicitors opens today, aiming for a market that it claims has been “protected from real competition for too long”. LawVest also plans to become an ABS.
Tags: ABS, Alternative business structures, fixed fees
Posted in Alternative business structures, Latest news, Market monitor
BT seeks ABS licence for claims management arm
Thursday, 16 February 2012The claims management arm of telecoms giant BT has applied to become an alternative business structure, it has emerged. But it is not looking to enter the consumer market.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor