Tag Results
SRA: don’t blame us for ABS delay
Thursday, 8 September 2011The Solicitors Regulation Authority (SRA) has strenuously denied it was responsible for the slippage of the timetable for licensing alternative business structures. On Tuesday, Professor Stephen Mayson accused regulators of failing the market.
Tags: ABS, Alternative business structures, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, News
Law Society to hand over solicitor data in bid to negate need for lender panel fees
Thursday, 8 September 2011The Law Society will next month begin sharing information about conveyancing solicitors with a lender as part of moves to discourage lenders from charging a compliance fee for firms that want to be on their panels. Meanwhile, standard mortgage instructions for solicitors acting just for lenders should be released in early 2012.
Tags: ABS, Alternative business structures, conveyancing, conveyancing quality scheme, mortgage fraud
Posted in News
Mayson: ABS implementation has become “something of a shambles”
Wednesday, 7 September 2011The implementation of alternative business structures has become “something of a shambles”, Professor Stephen Mayson said yesterday. He accused regulators of failing the “new entrants, new capital and entrepreneurial law firms” poised to take advantage of the new regime.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, News
Using technology to compete with new entrants
Tuesday, 6 September 2011Arlene Adams, managing director and co-founder of Peppermint Technology, argues that many law firms wrongly mistake technology with commoditisation and that they need to use IT to follow the example of new entrants to the market, which will not seek to re-create what already exists but instead employ technology to streamline the legal process.
Tags: ABS, Alternative business structures, Technology
Posted in Blog
This is just the beginning
Friday, 2 September 2011It has been quite a couple of weeks. Far from taking a break for the summer, the imminent arrival of alternative business structures (albeit not quite as imminent as expected) has seen the legal market bubbling over. And we learnt that there are lessons to be found from the Vestal Virgins, no less.
Tags: ABS, Alternative business structures, Co-op, Online Legal Services, QualitySolicitors, Slater & Gordon
Posted in Blog
Big brand “could target” new national solicitor marketing operation
Friday, 2 September 2011The latest national marketing organisation for solicitors could be an attractive takeover target for a big brand looking to enter the legal market, its founder has admitted. Lawyers2you, the consumer-facing brand of Birmingham law firm Blakemores, is being rolled out nationally.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Market monitor, News
The two faces of the law
Thursday, 1 September 2011Chrissie Lightfoot argues that the two dominant umbrella business models coming to the fore in legal services can be summed up as “Face to Face” and “Interface”. She says the emergence of a legal franchising model such as face2face solicitors offers a real opportunity for entrepreneurial lawyers to embrace both.
Tags: ABS, Alternative business structures
Posted in Features, News
Scottish firm plots ABS and backs capital adequacy rules for law firms
Tuesday, 30 August 2011Turcan Connell has signalled its intention to become one of the first alternative business structures in Scotland, while its joint senior partner has called for law firms to be subject to capital adequacy requirements. Douglas Connell said the introduction of ABSs provides a “once-in-a-lifetime opportunity” for lawyers.
Tags: ABS, Alternative business structures, capital adequacy
Posted in Alternative business structures, Market monitor, News
German lawyers call on Americans to join international stand against ABSs
Tuesday, 30 August 2011The German Bar has called on its American counterpart to form an international coalition against alternative business structures. The news comes as the American Bar Association prepares to publish a proposed rule change that would allow minority non-lawyer ownership of law firms, with the New York courts set to rule on the issue too.
Tags: ABS, Alternative business structures, external investment, multi-disciplinary practice, stock market listing
Posted in Alternative business structures, News
Co-op to extend bank branch pilot in bid to become consumers’ “lawyer of choice”
Friday, 26 August 2011Co-operative Legal Services is planning a more extensive pilot of face-to-face advice in its bank branches later this year as it bids to become consumers’ “lawyer of choice”, the company has confirmed. The Co-op has also merged its legal and funeral businesses.
Tags: ABS, Alternative business structures, Co-op
Posted in Alternative business structures, Market monitor, News