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In the latest in our series tracking the fortunes of the new breed of alternative business structures (ABSs), we profile Bobby Dhanjal Wealth Management, which a year ago became the first financial services business to set up a legal arm.

Two of the country’s largest trade unions – the GMB and Communications Workers Union – have today broken new ground by creating an alternative business structure (ABS). Unionline is essentially a not-for-profit ABS as any profits will be ploughed back into the unions.

The practice of law firms paying a claims management company or insurer to have a case referred to them was ugly, drove unethical behaviours and placed commerciality above the rights and needs of injured people. It was rightly banned in April 2013.

In the first of a new series tracking the experience of the new breed of alternative business structures (ABSs), we profile Crabtree Law, which was the first in-house team to become a standalone law firm.

Non-reserved legal activities within multi-disciplinary alternative business structures should be taken out of regulation by the Solicitors Regulation Authority, it proposed yesterday.