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An international construction law consultancy has become an alternative business structure (ABS) in order to take advantage of the esteem in which English firms are held elsewhere in the world, in one of the more unusual ABSs seen to date.

A Lancashire personal injury firm that has grown from four to 100 staff in under four years and its turnover to £4.5m, has acquired an alternative business structure licence as part of ambitious growth plans.

A sole practitioner has joined forces with a claims management and marketing company to form an alternative business structure with the eventual goal of providing marketing for a range of professionals, including lawyers and accountants.

Competition in the law is to increase further after the Legal Services Board backed accountants to handle reserved probate work and set up alternative business structures, as well as chartered legal executives to set up their own conveyancing and probate practices.

The Law Society’s vision for the future of legal regulation would enable it to restrict the licensing of alternative business structures so as to protect solicitors from competition, the Solicitors Regulation Authority has warned.