Tag Results
March of the accountants, part 3: EY gains ABS licence
Monday, 1 December 2014The march of accountancy firms into legal services took a further step today when EY announced it had obtained a license from the Solicitors Regulation Authority (SRA) to set up an alternative business structure.
Tags: accountants, Alternative business structures, EY, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news
Groundbreaking accountancy ABS targets broader range of legal services
Monday, 27 October 2014The first firm of accountants to become an alternative business structure (ABS) licensed by its own regulator is planning to extend the range of legal services it offers, its senior partner has revealed.
Tags: ABS, accountants, Alternative business structures, ICAEW
Posted in Alternative business structures, Latest news, Market monitor
ICAEW authorises first non-ABS firm to carry out probate work
Wednesday, 22 October 2014The Institute of Chartered Accountants in England and Wales (ICAEW) has authorised the first non-ABS accountancy firm to carry out probate work.
Tags: accountants, Alternative business structures, ICAEW, probate
Posted in Latest news, Legal Services Act, Regulation
SRA board backs moves to help MDPs, but charts cautious course on ditching accountants’ reports
Wednesday, 17 September 2014The board of the Solicitors Regulation Authority today approved a series of measures to further its regulatory reform programme, including making it easier for multi-disciplinary practices to become alternative business structures.
Tags: accountants, MDP, multi-disciplinary practice, Solicitors Accounts Rules, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
ICAEW wins power to licence probate ABSs
Friday, 25 July 2014The Institute of Chartered Accountants in England and Wales has been given the green light by Parliament to regulate alternative business structures which provide probate services, with dozens of firms already showing an interest in taking advantage.
Tags: ABS, accountants, Alternative business structures, Chartered Institute of Legal Executives, ICAEW, probate
Posted in Alternative business structures, Latest news, Legal Executives, Legal Services Act
Accountants able to handle probate work without solicitors from next month
Thursday, 17 July 2014Chartered accountants will be able to carry out reserved probate work themselves, without the need to instruct a solicitor, from next month, the Institute of Chartered Accountants in England and Wales (ICAEW) has said.
Tags: accountants, Alternative business structures, Chartered Institute of Legal Executives, CILEX, ICAEW, Institute of Chartered Accountants, probate, reserved legal activities
Posted in Alternative business structures, Latest news, Legal Executives, Legal Services Act, Regulation
End of the annual accountant’s report is nigh
Thursday, 8 May 2014The Solicitors Regulation Authority has unveiled plans to remove the requirement that firms have their client accounts reviewed by an independent accountant and submit an annual accountant’s report.
Tags: accountants, COFA, compliance officer for finance and administration, Solicitors Regulation Authority
Posted in Accounts rules, Finance, Latest news, Solicitors
Accountants say ABS enables them to monitor quality of clients’ legal work
Wednesday, 12 February 2014A central London firm of accountants has set up an alternative business structure (ABS) as a means of keeping control of legal work that it previously referred to third party law firms.
Tags: ABS, accountants, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
ABS licence allows Devon accountants to add legal service
Wednesday, 11 September 2013A firm of accountants in Devon has become only the third to launch a legal arm after winning an alternative business structure licence. Davisons Legal Services began trading last week, with former City lawyer Philip Vickery as its head of legal practice.
Tags: ABS, accountants, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Accountants told to respect spirit of legal services reforms if they want to regulate probate
Tuesday, 11 September 2012The Institute of Chartered Accountants in England and Wales needs to abide by the spirit of the legal services reforms if it is to regulate probate work, the Legal Services Consumer Panel has urged.
Tags: accountants, ICAEW, Institute of Chartered Accountants, probate, reserved legal activities
Posted in Consumer panel, Latest news, Other lawyers
Blog
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.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
Reports
Associates
