Tag Results
First start-up ABS hits the Bar early
Tuesday, 24 July 2012Red Bar Law has become the first start-up alternative business structure, offering clients early access to barristers and costs savings of at least 30%. It is the brainchild of a solicitor and business consultant.
Tags: ABS, Alternative business structures, Barristers, direct access
Posted in Alternative business structures, Latest news, Market monitor
ABSs help put 2,000 law firms at risk of financial failure in next year, says research
Monday, 23 July 2012Alternative business structures and tax liabilities mean that over 2,000 law firms are at risk of failure in the next 12 months, according to the Association of Business Recovery Professionals, better known as R3.
Tags: ABS, Alternative business structures, tax
Posted in Latest news, Market monitor
Innovative Scottish corporate law business outlines English ambitions
Friday, 20 July 2012An innovative Scottish legal services business that works on fixed fees and offers clients an outsourced in-house legal function is looking to replicate its model south of Hadrian’s Wall. Vialex is also eyeing up becoming an ABS.
Tags: ABS, Alternative business structures, fixed fees, in-house lawyers
Posted in Latest news, Market monitor
Norwich firm eyes first football ABS
Thursday, 19 July 2012The prospect of the first football-related alternative business structure moved closer to reality this week after a Norwich law firm set up a football agency. Leathes Prior has also launched an innovative litigation risk analysis tool.
Tags: ABS, Alternative business structures
Posted in Latest news, Market monitor
Goodbye lawyer, hello legal workflow and process analyst
Tuesday, 17 July 2012Innovative legal businesses such as Riverview Law, Co-operative Legal Services and Parabis are demanding a new approach to educating and training new lawyers as they create different roles for them, such as project management and data analysis.
Tags: ABS, Alternative business structures, legal education, legal education and training review
Posted in hrtraining, Latest news, Market monitor
Scottish solicitors eyeing MDPs rather than external investment as ABS scheme moves closer
Tuesday, 17 July 2012Early interest in the Scottish form of alternative business structures is coming from solicitors looking to form partnerships with other professionals, rather than seeking external investment, the Law Society of Scotland has revealed.
Tags: ABS, Alternative business structures, Scotland
Posted in Alternative business structures, Latest news, Market monitor
Halebury bids to put the ‘alternative’ into ABS
Monday, 16 July 2012‘Alternative’ law firm Halebury, a specialist business and sport law firm, has announced plans to formalise that tag and become an alternative business structure after substantially bulking up its team.
Tags: ABS, Alternative business structures, external investment
Posted in Latest news, Market monitor
Ombudsman prepares for ABS role – and publishing complaints data on 700 firms
Monday, 16 July 2012The changing legal market brings with it “more potential for confusion” among consumers, justice minister Jonathan Djanogly acknowledged last week, making the role of the Legal Ombudsman even more important in future.
Tags: ABS, Alternative business structures, Legal Ombudsman, LeO, Office for Legal Complaints, publishing complaints
Posted in Latest news, Legal Ombudsman
Consumer panel: lift ban on law centres and other not-for-profit advisers charging for work
Friday, 13 July 2012The ban on law centres and other not-for-profit organisations charging for advice should be lifted as part of plans to bring them into the alternative business structure regime, the Legal Services Consumer Panel has said.
Tags: ABS, Alternative business structures, Legal Services Board, Legal Services Consumer Panel, not-for-profit, reserved legal activities, separate business rule
Posted in Alternative business structures, Consumer panel, Latest news
Susskind: the market will “do its stuff” as ABSs drive unimagined efficiencies
Thursday, 12 July 2012It will take up to 10 years for the true effects of alternative business structures (ABSs) to be felt, Professor Richard Susskind said this week. He said the only certainty at the moment was that much of the £25bn legal market is “very inefficient”.
Tags: ABS, Alternative business structures, legal education and training review
Posted in Alternative business structures, hrtraining, 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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