Tag Results
SRA reveals financial instability indicators as it relaxes rule on reporting non-material breaches
Monday, 18 March 2013The Solicitors Regulation Authority has outlined the three key financial ‘warning signs’ against which it will assess firms’ financial stability as a key element of its supervisory work over the next year. It is also to end the need for firms to submit an annual report on non-material rule breaches.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
Law Society president embraces ABS status
Friday, 15 March 2013A virtual firm that is looking to share profits with its consultants and a leading personal injury practice have become the latest alternative business structures. Scott Moncrieff & Associates, known as Scomo, was founded by Law Society president Lucy Scott-Moncrieff.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Survey: personal injury law firms face financial meltdown
Wednesday, 13 March 2013Nearly a fifth of the north-west’s specialist personal injury law firms are considering shutting up shop due to the financial impact of the government’s civil costs reforms, with many predicting huge cuts in their profitability as a result of the new RTA portal fees, new research has revealed.
Tags: ABS, Alternative business structures, referral fees, RTA portal
Posted in Latest news, Market monitor
ABSs offer opportunity to thriving in-house lawyers, says Law Society
Tuesday, 12 March 2013The number of in-house lawyers has not been affected by the economic crisis and alternative business structures (ABSs) offer general counsel an opportunity to expand their services, according to the Law Society.
Tags: ABS, Alternative business structures, Barristers, chartered legal executive advocates, in-house lawyers, Law Society, solicitor-advocates
Posted in Alternative business structures, Latest news, Market monitor
DAS buys law firm as it bids to build major consumer brand
Monday, 11 March 2013Legal expenses insurer DAS has finally secured the law firm acquisition that will kickstart its bid to become one of the UK’s top legal services providers. DAS, which is owned by German insurance giant Munich Re, has bought Bristol law firm CW Law.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Number of private practice solicitors falls for first time as Law Society warns of ABS threat
Monday, 11 March 2013The number of qualified solicitors in private practice fell last year for the first time since records began. A new legal service market assessment by the Law Society also warned that that a small number of successful ABSs could radically reshape the market for high street legal services.
Tags: ABS, Alternative business structures, Co-op, high street firms
Posted in Alternative business structures, Latest news, Market monitor
Family office for wealthy Russians joins ABS ranks
Friday, 8 March 2013A company that specialises in helping wealthy business people from Russia and Eastern Europe relocate to London has acquired an alternative business structure licence in order to add legal services to its business services portfolio.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Top media firm and regional practice seeking external cash help take ABS total to over 100
Tuesday, 5 March 2013A leading media law firm and a regional practice seeking minority external ownership to drive an acquisition strategy are among the latest alternative business structure approvals as the number of licences issued by the Solicitors Regulation Authority tops 100.
Tags: ABS, Alternative business structures, external investment
Posted in Alternative business structures, Latest news, Market monitor
BT Law to have more than 100 staff as it targets expansion
Tuesday, 5 March 2013BT’s new legal arm will have more than 100 staff once it is at full strength, its head of legal practice has revealed. Miles Jobling also expressed strong confidence that it would prove an attractive service to those seeking volume services.
Tags: ABS, Alternative business structures
Posted in Latest news, Market monitor
AIM-listed legal expenses insurer buys Manchester law firm
Friday, 1 March 2013Legal expenses insurer and alternative business structure Abbey Protection plc has acquired Manchester commercial law firm Lewis Hymanson Small, completing a three-pronged strategy to expand its services to the SME market.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor