Tag Results
ABS-owning insurers sign up to code on handling legal work for policyholders
Friday, 14 February 2014Many of the big insurance companies that have set up alternative business structure (ABS) joint ventures have signed up to a new code of practice laying out how they can point policyholders who may have a personal injury claim towards their law firms.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news
SRA: interventions due to dishonesty on the rise
Wednesday, 12 February 2014The Solicitors Regulation Authority recorded a sharp rise in the number of interventions last year that involved suspected dishonesty, new figures have revealed. It also highlighted growing delays in cases going through the Solicitors Disciplinary Tribunal.
Tags: ABS, Alternative business structures, intervention, Solicitors Disciplinary Tribunal, Solicitors Regulation Authority
Posted in 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
ABSs “will contribute to the rise of legal services outsourcing”, new book predicts
Tuesday, 11 February 2014Alternative business structures (ABSs) will create additional demand for legal services outsourcing (LSO) and could in time become LSO providers themselves, a new book has predicted.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Outsourcing
ABS licence will give PwC Legal “rocket fuel”, says UK chief
Friday, 7 February 2014PwC Legal’s alternative business structure (ABS) licence will give its expansion plans “rocket fuel”, its UK senior partner has claimed. Speaking to Legal Futures, senior partner Shirley Brookes agreed with those describing the move as a ‘game changer’.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
SRA: hundreds of companies, public authorities and law centres mulling ABS conversion
Wednesday, 5 February 2014The impact of alternative business structures (ABSs) on organisations with in-house lawyers is likely to be felt most in the third sector, major new research has found – but hundreds of private companies and public authorities are looking at conversion too.
Tags: ABS, Alternative business structures, in-house lawyers, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Senior City lawyer becomes ABS but faces MDP dilemma
Wednesday, 5 February 2014The former head of construction at City giant Norton Rose has turned his legal consultancy into an alternative business structure, but has had difficulty finding a non-lawyer professional partner of similar standing to link up with.
Tags: ABS, Alternative business structures, MDP, multi-disciplinary practice
Posted in Alternative business structures, Latest news, Market monitor
Blue-chip wealth adviser becomes ABS and predicts global take-up
Tuesday, 4 February 2014The chief executive of a blue-chip global wealth adviser that administers £200bn of assets has predicted alternative business structures are a reform of law firm ownership that other countries will have to adopt – having just secured a licence itself.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Here come the big boys – PwC gains ABS licence
Friday, 31 January 2014PricewaterhouseCoopers (PwC) has become the first of the ‘big four’ accountants to become an alternative business structure (ABS), it announced today. The move allows it to become the owner of, and investor in, PwC Legal.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Direct Line secures ABS licence as rival insurer wins major contract for legal services arm
Friday, 31 January 2014Direct Line’s new alternative business structure is set to launch on 3 March after receiving its alternative business structure licence, the insurer announced today. Meanwhile, BGL Group – the first insurance company to buy a law firm – has revealed a major client win.
Tags: ABS, Alternative business structures
Posted in Latest news, Market monitor