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Defendant insurance firm Keoghs has struck a deal to accept external investment once it receives its alternative business structure licence, it has confirmed. The firm said the funding will help accelerate its growth plans.

The only UK law firm focusing exclusively on handling liability claims for self-insured companies has become the latest alternative business structure (ABS) and plans to use the status to help it take on larger competitors.

A will-writer is planning to use his new alternative business structure (ABS) licence to expand into the conveyancing market, Legal Futures can report. Further, an IFA is planning a specialist multi-disciplinary ABS with a law firm focusing on the over-55s.

Prospective alternative business structure Quindell Portfolio plc – whose takeover of Liverpool law firm Silverbeck Rymer is awaiting approval – has more than £500m worth of new contracts under discussion, it revealed today.

That was the third August through which Legal Futures has reported, and each time it has proven a surprisingly busy month. The last four and a half weeks have left us with plenty to ponder. First up we are finally starting to see alternative business structures approved on a regular basis; this is not great surprise now that we are eight months into the process. There was also the second discussion paper from the Legal Education and Training Review and the Law Society cancelling its annual conference.