Tag Results
Slater & Gordon eyes further UK expansion after half-year results show income on target
Thursday, 28 February 2013Slater & Gordon is set to grow its UK business after it announced its first half-year results since the takeover of Russell Jones & Walker. The listed Australian firm – now an ABS in England and Wales – posted a 46.5% increase in its revenue for the last six months of 2012.
Tags: ABS, Alternative business structures, Slater & Gordon
Posted in Alternative business structures, Latest news, Market monitor
Ombudsman warns of mis-selling risk around family law services
Thursday, 28 February 2013Innovation in family law services is working for consumers but could in time lead to mis-selling and hidden costs as complex financing and legal services structures emerge, the Legal Ombudsman has warned.
Tags: ABS, Alternative business structures, family law, Legal Ombudsman, LeO
Posted in Latest news, Legal Ombudsman
LSB chief questions need for training contract and pupillage, and pushes for faster ABS process
Wednesday, 27 February 2013A training regime whose only specification is what a newly-qualified lawyer should be able to offer on day one is the kind of deregulation the Legal Education and Training Review should be considering, according to the chief executive of the Legal Services Board.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, legal education and training review, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, hrtraining, Latest news, Other lawyers, Solicitors
Liverpool firm “open to external capital” as it gains ABS licence
Wednesday, 27 February 2013A Liverpool firm that describes itself as “very open-minded” about external investment is one of a pair of firms to receive the latest alternative business structure (ABS) licences from the Solicitors Regulation Authority.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Law Society set for confrontation with ICAEW over ABS application
Tuesday, 26 February 2013The Law Society will challenge the application by the Institute of Chartered Accountants in England and Wales to become an alternative business structure regulator, Legal Futures can report. The question of separating regulation and representation is a key bone of contention.
Tags: ABS, Alternative business structures, ICAEW, Institute of Chartered Accountants, internal governance rules, Law Society, Legal Services Board, probate, will-writing
Posted in Alternative business structures, Latest news, Other lawyers
Survey: strong interest in MDPs and external capital among big firms
Monday, 25 February 2013There is strong interest among the UK’s largest law firms in joining forces with a non-legal practice in the next two years, while several are also looking at external capital, according to new research.
Tags: ABS, Alternative business structures, external capital, MDP, multi-disciplinary practice
Posted in Latest news, Market monitor
ABSs to the fore as Quindell claims 15% of PI market and Countrywide sees profits rise
Friday, 22 February 2013Quindell Portfolio, the alternative business structure that has acquired three law firms in the past 12 months, will have “15% of the UK market for personal injury claims” this year, it has claimed. Meanwhile, another major ABS – Countrywide Conveyancing Services – has reported profits of £8m for last year, up 4% on 2011.
Tags: ABS, Alternative business structures, conveyancing, Jackson report, personal injury
Posted in Alternative business structures, Latest news, Market monitor
Neuberger warns against risk of profits before principles in the ABS world
Friday, 22 February 2013The president of the Supreme Court has urged the legal profession not to lose sight of its fundamental principles in the rush for modernisation, warning about the risks of pressure from “hard-nosed businessmen” who may invest in law firms.
Tags: Alternative business structures, cab rank rule
Posted in Alternative business structures, Latest news
First construction ABS as global consultancy buys law firm to offer multi-disciplinary service
Thursday, 21 February 2013An alternative business structure licence has opened the door to a global consultancy that project manages aspects of some of the world’s largest infrastructure and energy projects buying a specialist construction law practice.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Motorbike accident management company becomes ABS
Thursday, 21 February 2013A specialist motorbike and moped accident management company has successfully applied for an alternative business structure licence in order to take in-house personal injury work that is currently outsourced.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor