Tag Results
Fast-growing Midlands firm becomes ABS
Monday, 12 January 2015DBS Law, a fast-growing general civil practice based in Birmingham, has become an alternative business structure as it looks to build on its dramatic growth over recent years.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news
Here come the Americans: LegalZoom gains ABS licence
Wednesday, 7 January 2015US online legal services provider LegalZoom – which claims to be the best-known legal brand in America – has today become the first US business to be licensed as an alternative business structure.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Senior partner who became direct access barrister sets up alternative business structure
Monday, 5 January 2015David Hassall, a senior partner turned barrister whose career mirrors recent changes in legal services, has set up an alternative business structure – which he intends to operate on a ‘John Lewis’ profit share model.
Tags: ABS, Alternative business structures, bar standards board, Barristers, Solicitors Regulation Authority
Posted in Alternative business structures, Barristers, Latest news, Market monitor, Regulation, Solicitors
SRA to stay on report over ABS licensing
Thursday, 18 December 2014The Legal Services Board still has “concerns” about the way the Solicitors Regulation Authority approves applications for alternative business structures and will not be ending its monitoring for the time being, it has emerged.
Tags: ABS, Alternative business structures, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Act, Legal Services Board
SRA closes alternative business structure after securing High Court order
Thursday, 18 December 2014The Solicitors Regulation Authority (SRA) has closed an alternative business structure after obtaining a High Court order to obtain crucial evidence.
Tags: Alternative business structures, dishonesty, High Court, SRA
Posted in Latest news, Regulation, Solicitors
LSB foresees increased turbulence in market as more firms enter, exit and merge
Tuesday, 9 December 2014There is set to be increased turbulence in the legal market, with more new entrants, consolidation and the exit of those who cannot adapt, the strategy director of the Legal Services Board has predicted.
Tags: ABS, Alternative business structures, Legal Services Board
Posted in Alternative business structures, Latest news, Legal Services Board
Consumer panel: “remarkable innovation” in the market but is deregulation going too far?
Friday, 5 December 2014The Legal Services Consumer Panel today expressed concerned that “the recent emphasis on deregulation… is being taken too far”, while also praising the innovation seen to date through alternative business structures.
Tags: ABS, Alternative business structures, deregulation, Legal Services Board, Legal Services Consumer Panel, Solicitors Regulation Authority
Posted in Alternative business structures, Consumer panel, Latest news, Legal Services Act, Legal Services Board
Exclusive: ABSs and other ‘NewLaw’ businesses form lobbying group
Tuesday, 2 December 2014The first body to represent alternative business structures and other new-style legal practices has been launched, Legal Futures can reveal. The ABS & NewLaw Advisory Council is chaired by Jenny Beck of Co-operative Legal Services.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news
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
LSB may end SRA monitoring as turnaround time for ABS applications improves
Monday, 1 December 2014The average time taken by the Solicitors Regulation Authority to approve alternative business structure applications has fallen to an average of three months, it has emerged. As a result the Legal Services Board may end its formal monitoring of the authority’s progress.
Tags: Alternative business structures, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Legal Services Board
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.
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