Tag Results
Latest crop of ABSs eye external investment and non-legal services
Wednesday, 20 February 2013A barristers’ chambers that forms part of a law firm group is amongst the latest crop of new alternative business structures approved by the Solicitors Regulation Authority. The SRA has now issued 90 licences, including multiples for firms with different entities.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Referral fee ban will drive insurers to buy law firms, “but it won’t reduce claims costs”
Wednesday, 20 February 2013Insurance companies will buy law firms in response to the ban on referral fees, but this will not help to lower the industry’s claims bill, an analyst has predicted. An investor report on Admiral Group, produced by Investec, said the referral fee ban will cost the company £7 of income per vehicle.
Tags: Alternative business structures, personal injury, referral fee ban
Posted in Latest news, Market monitor
SRA eyes quicker ABS application process as interest in MDPs strengthens
Friday, 15 February 2013The Solicitors Regulation Authority is reviewing its approach to licensing alternative business structures one year on from the start of the regime, with a much speedier process for low-risk entities one of the likely outcomes, Legal Futures can reveal. It has also reported increasing interest in multi-disciplinary practices.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news
Bobby dazzler as financial advisers become first to launch own law firm
Friday, 8 February 2013An East Midlands firm of independent financial advisers is building a law firm from scratch to provide a one-stop shop for clients after obtaining an alternative business structure licence. Bobby Dhanjal Wealth Management has launched Bobby Dhanjal Legal Services Limited.
Tags: ABS, Alternative business structures, financial services
Posted in Alternative business structures, Latest news, Market monitor
Leading ABS set to open up entry to the law through 'Learning Academy'
Thursday, 7 February 2013Co-operative Legal Services will launch a ‘Learning Academy’ later this year that will offer all staff training for a range of skills and qualifications, including becoming solicitors and chartered legal executives.
Tags: ABS, Alternative business structures, Co-op
Posted in Alternative business structures, hrtraining, Latest news
ABS first as accident management company buys law firm
Wednesday, 6 February 2013Vamco has become the first accident management company to buy a law firm after being awarded an alternative business structure (ABS) licence. The Surrey-based business has acquired Kingsley Law, previously part of the Nesbit Law Group.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
National firm to use ABS licence to target non-legal acquisitions
Wednesday, 6 February 2013National law firm Simpson Millar is eyeing up the acquisition of non-legal businesses as part of its expansion plans now it has secured an alternative business structure (ABS) licence, it has revealed.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Bristows becomes first large City firm to win ABS status
Tuesday, 5 February 2013Commercial law firm Bristows has been granted an alternative business structure (ABS) licence, becoming the largest City practice so far to have taken the plunge. The 34-partner, 74 fee-earner firm is best known for its intellectual property work,
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news
Specialist PI firm targets white-label deals with insurers after winning ABS licence
Friday, 1 February 2013The latest personal injury law firm to become an alternative business structure is eyeing up the opportunity of offering insurers a specialist white-label service, it has emerged. Without the status, “you can’t get off the starting blocks,” said its chief executive.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Market monitor
ABS specialising in claims by builders and cabbies eyes external investment
Tuesday, 29 January 2013A law firm that has innovative web-based personal injury brands, including those directed at the building trades and taxi drivers, is to investigate external investment after winning its alternative business structure (ABS) license.
Tags: ABS, Alternative business structures, external investment, personal injury
Posted in Alternative business structures, Latest news, Market monitor
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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