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Liverpool firm becomes first family law ABS
Wednesday, 29 August 2012A Liverpool-based practice has become the first specialist family law firm to become an alternative business structure. Tracey Miller Family Law will use its new status to allow business development manager Anthony Hool to take a minority stake in the firm.
Tags: ABS, Alternative business structures, family law
Posted in Alternative business structures, Latest news, Market monitor
Leading conveyancing firms gain ABS status
Tuesday, 28 August 2012Two of the country’s best-known conveyancing practices have become alternative business structures, while an insolvency and litigation practice has also achieved ABS status.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Income up sharply at pioneering ABSs
Friday, 24 August 2012Two of the UK’s first alternative business structures – Slater & Gordon and Co-operative Legal Services – have reported strong increases in income, although profits at the Co-op have been hit by its expansion plans.
Tags: ABS, Alternative business structures, Co-op, Slater & Gordon
Posted in Alternative business structures, Latest news, Market monitor
SRA places restrictions on Parabis’s offshore operations
Thursday, 23 August 2012The Solicitors Regulation Authority has placed controls around the Parabis Group’s offshore operation in South Africa, it has emerged. Parabis received its alternative business structure licence yesterday.
Tags: ABS, Alternative business structures, personal injury
Posted in Alternative business structures, Latest news, Solicitors
LSB warns regulators over referral fee ban as government unveils CMC crackdown
Thursday, 23 August 2012The Legal Services Board has warned regulators not to go further than the legislative requirements for the impending ban on referral fees in personal injury, calling for “a liberal approach” that does not prevent alternative business structures effectively circumventing it.
Tags: Alternative business structures, claims management companies, Legal Aid Sentencing and Punishment of Offenders Act, Legal Services Board, personal injury, referral fees
Posted in Alternative business structures, Latest news, Legal Services Board, Marketing & PR
First private equity backed ABS receives licence
Wednesday, 22 August 2012Duke Street today became the first private equity firm to own part of a law firm after the Parabis Group received its alternative business structure licence, the twentieth so far issued by the Solicitors Regulation Authority.
Tags: ABS, Alternative business structures, private equity
Posted in Alternative business structures, Latest news, Market monitor
Northampton law firm becomes latest ABS
Friday, 17 August 2012A 12-partner law firm with offices in Northampton and Milton Keynes has become the latest alternative business structure. Franklins Solicitors, which has 80 staff in all, provides a range of private client and commercial law services.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Companies facing referral fee ban “embracing opportunities” offered by ABSs
Thursday, 16 August 2012Alternative business structures are not a simple solution to circumvent the impending ban on referral fees, but referrers are starting to see real opportunities to enter the legal market themselves, a leading adviser has said.
Tags: ABS, Alternative business structures, personal injury, referral fees
Posted in Alternative business structures, Latest news, Market monitor
ABS-in-waiting completes claims management acquisition
Thursday, 16 August 2012Quindell Portfolio, the AIM-listed business awaiting approval for its takeover of Liverpool law firm Silverbeck Rymer, has completed yet another acquisition by buying a leading claims management company network.
Tags: ABS, Alternative business structures, claims management companies
Posted in Latest news, Market monitor
Property management company becomes first multi-disciplinary ABS
Wednesday, 15 August 2012A London property management company has become the first multi-disciplinary alternative business structure. Crabtree Property Management is also the first company to use the ABS structure to enter the legal services market.
Tags: ABS, Alternative business structures
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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