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There is no reason why you need a law firm to carry out many of the tasks that traditional firms have previously handled, the group general counsel of BT has warned. Dan Fitz also revealed that it was looking to expand the work handled by BT Law, the company’s ABS.

The Lord Chancellor yesterday approved the application by the Institute of Chartered Accountants in England and Wales (ICAEW) to become a regulator of probate services and licensing authority for alternative business structures.

Admiral Group is the overwhelmingly dominant partner in the joint venture alternative business structures (ABSs) it has set up with law firms Lyons Davidson and Cordner Lewis, the insurer’s annual results have shown.

Leading accident management company Helphire Group plc has acquired alternative business structure (ABS) pioneer New Law in a deal that could ultimately be worth more than £40m.

One of the UK’s largest debt management companies, Harrington Brooks, which has an annual turnover of around £30m, has created an alternative business structure run by its head of legal services.