Tag Results
ABSs and City law firms could be a volatile mix to the detriment of all, consultant warns
Tuesday, 14 August 2012The advent of huge amounts of “unthinking external capital into the fragile ecosystem of the legal profession” could create many unforeseen and irreversible effects among City law firms, a well-known consultant has warned.
Tags: ABS, Alternative business structures, external investment
Posted in Alternative business structures, Latest news
Exclusive: leading non-solicitor probate provider becomes ABS
Monday, 13 August 2012One of the country’s leading non-solicitor probate providers will today be unveiled as the newest alternative business structure. Kings Court Trust has chosen to be regulated by the Council for Licensed Conveyancers.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, estate administration, probate
Posted in Alternative business structures, Latest news, Market monitor, Other lawyers
CMCs enjoy 33% income rise to £774m but standards plummet in PPI goldrush
Friday, 10 August 2012Claims management companies saw a 33% increase in turnover to £774m last year, but standards are plummeting as they “fall over each other” to bring payment protection insurance mis-selling claims, their regulator has reported.
Tags: ABS, Alternative business structures, claims management companies, personal injury, PPI, referral fees
Posted in Latest news, Other lawyers
Plymouth firm becomes first criminal law ABS
Wednesday, 8 August 2012A firm in Plymouth has become the first criminal law practice to become an alternative business structure as the pace of new licences from the Solicitors Regulation Authority continues to step up.
Tags: ABS, Alternative business structures, criminal law
Posted in Alternative business structures, Latest news, Market monitor
High street firm becomes newest ABS as ‘virtual’ practice seeks licence
Tuesday, 7 August 2012Gloucestershire high street firm Langley Wellington yesterday became the latest alternative business structure (ABS). Meanwhile, Berlad Graham has become the latest ‘virtual’ law firm to apply to become an ABS.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Litigation funders left in limbo over whether ABS status will give them costs protection
Friday, 3 August 2012Third-party litigation funders thinking of investing in law firms to avoid liability for adverse costs will have to try their luck in front of the court after an important report on contingency fees refused to make a recommendation on whether this should be possible.
Tags: ABS, Alternative business structures, CFA, contingency fees
Posted in Alternative business structures, Latest news
Forget the gold rush – it’s the ABS rush, with three more granted licences
Friday, 3 August 2012The Solicitors Regulation Authority should develop a fast track for legal disciplinary practices seeking approval to operate as alternative business structures, according to the largest of three firms granted their ABS licences yesterday.
Tags: Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Corporate/commercial specialist launches newest ABS
Friday, 27 July 2012A corporate/commercial solicitor has launched the latest alternative business structure with a view to forming partnerships with other professionals. Joanne Bligh has set up Thinking Legal in Birmingham.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Juniors hire QC as the ‘barrister law firm’ expands
Friday, 27 July 2012rtesian Law, the groundbreaking SRA-regulated law firm set up by six junior criminal law barristers, has named Bryan Cox QC as its first associate member. Mr Cox is a tenant of New Park Court Chambers in Leeds.
Tags: ABS, Alternative business structures, Barristers, LDP, legal disciplinary practice, Solicitors Regulation Authority
Posted in Barristers, Latest news, Market monitor
Law firms can fight back
Friday, 27 July 2012The legal market is in danger of being consumed by the same doom and gloom that taunts the UK economy. For years the media have filled our TVs and newspapers with stories of fear, uncertainty and doubt. While some of the stories may be true, many are fiction. There is a real danger we are consumed by the fiction and allow negative predictions to become a self-fulfilling prophecy, where banks stop lending and consumers stop spending. A familiar story? We end up acting out the very scenario we want to avoid. I see the same pattern emerging in the legal world.
Tags: ABS, Alternative business structures
Posted in Blog