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Alternative business structure Quindell’s bullish response to recent criticism has extended to the company now exploring the possibility of a dual listing in the US. However, Quindell’s share price has still to recover much of the ground lost in the last fortnight.

Outsourcing giant Capita can complete its purchase of Optima Legal and Cost Advocates after the SRA today granted Optima an alternative business structure license.

If regulators are not loved by those they regulate, then it is no surprise to find that the regulator of regulators is even less loved. And so I don’t imagine that beyond the offices of the Legal Services Board, many tears will be shed that David Edmonds’ second and final term of office is up today. There may, indeed, be some sighs of relief.

Quindell plc is outperforming its two closest alternative business structure comparators – Slater & Gordon and NewLaw Solicitors – the AIM-listed company has told the market. Quindell also insisted that its model complies with the referral fee ban.

Plans to simplify the approval process for non-lawyer owners of alternative business structures are being considered by the Legal Services Board, it has emerged. Private equity purchasers are proving particularly tricky under the current regime.