Tag Results
Government puts ABSs to the fore as legal aid reform forces market consolidation
Wednesday, 10 April 2013The role of alternative business structures (ABSs) in helping law firms and others bid for new legal aid ‘super-contracts’ in criminal work was highlighted by the government yesterday as part of radical plans to slash the number of providers by three-quarters.
Tags: ABS, Alternative business structures, legal aid
Posted in Alternative business structures, Latest news
Exclusive: NewLaw launches second joint venture ABS with fleet management company
Tuesday, 9 April 2013Cardiff firm NewLaw Solicitors has secured its second joint venture alternative business structure (ABS) in a week after teaming up with fleet management company FMG, Legal Futures can reveal. It follows on from its deal with insurer Ageas.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Here comes Elephant Law as Admiral unveils two joint venture ABSs
Monday, 8 April 2013Admiral Group’s long-awaited legal services strategy was unveiled on Friday after it announced separate joint venture alternative business structures (ABSs) with national firm Lyons Davidson and Cardiff-based Cordner Lewis.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Law firm ABS aims to take on new entrants in their own backyards
Friday, 5 April 2013A newly licensed alternative business structure is going on the offensive after completing a three-year restructuring plan. Tees Solicitors now plans to take on new entrants to the legal services market by moving into their sectors and attracting external investment.
Tags: ABS, Alternative business structures, external investment
Posted in Alternative business structures, Latest news, Market monitor
£500m RAC contract the first of many, says Quindell
Thursday, 4 April 2013Alternative business structure Quindell Portfolio plc has started to announce the major contract wins its end-to-end personal injury service has delivered, with a deal with RAC worth potentially £500m a year first to become public.
Tags: ABS, Alternative business structures, personal injury
Posted in Latest news, Market monitor
Top insurer launches ABS with personal injury law firm
Wednesday, 3 April 2013One of the country’s largest insurance companies yesterday received its alternative business structure licence and has struck a deal with a Cardiff personal injury firm to provide legal services to customers making non-fault claims.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
AIM-listed ABS sees "opportunity for growth" in the financial problems of traditional law firms
Wednesday, 27 March 2013The financial difficulties facing many law firms offers a real opportunity for growth, AIM-listed alternative business structure (ABS) Abbey Protection has claimed. It announced a 7% rise in turnover in 2012 to £38.7m and 3% increase in profits to £10.3m.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Claims management companies win ABS status as SRA launches referral fee ban guidance
Tuesday, 26 March 2013A company that provides both claims management services and legal expenses insurance has joined forces with a law firm in an alternative business structure that needed a waiver to allow a 27-year-old solicitor to be its head of legal practice. It was one of two newly licensed CMCs.
Tags: ABS, Alternative business structures, claims management companies, CMC, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor, Solicitors
Niche practices eye expansion opportunities after gaining ABS licences
Friday, 22 March 2013Two niche law firms have outlined their hopes for expansion after receiving their alternative business structure licences from the Solicitors Regulation Authority. One specialises in family law – and owns the divorcesolicitor.com domain – and the other operates in health care.
Tags: ABS, Alternative business structures, family law
Posted in Alternative business structures, Latest news, Market monitor
SMEs “deeply unhappy” with legal services as lawyers warned they risk going the way of HMV
Wednesday, 20 March 2013Just one in eight small businesses believe that lawyers provide a cost-effective solution to legal problems, new research has found. The finding suggests far larger unmet legal need among SMEs than among the general public.
Tags: ABS, Alternative business structures, Legal Services Board
Posted in Latest news, Legal Services Board
Blog
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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