Tag Results
Abbey Protection unveils three-pronged ABS plan for SME market
Wednesday, 28 March 2012Well-known legal expenses insurer Abbey Protection is to launch a three-pronged attack on the SME market once its application to become an alternative business structure has been approved, it has revealed.
Tags: ABS, Alternative business structures, ATE insurance, legal expenses insurance, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Expanding law firm is first to take Eclipse’s Proclaim ABS PI solution
Monday, 26 March 2012A Manchester-based law firm that recently announced its £3m expansion plans has become the first practice in the country to implement Proclaim ABS PI.
Tags: ABS, Alternative business structures
Posted in associate news
Legal Ombudsman: let us accept complaints from prospective clients and third parties
Monday, 26 March 2012Prospective clients and third parties will be able to make complaints about lawyers, if plans unveiled by the Legal Ombudsman today go ahead. The one-year time limit for making complaints to LeO will also be extended, as will the level of compensation it can award.
Tags: Alternative business structures, Citizens Advice, claims management companies, Legal Ombudsman, LeO
Posted in Latest news, Legal Ombudsman
Revealed: groundbreaking barristers’ chambers launches as SRA-regulated partnership
Thursday, 22 March 2012Six criminal law barristers have set up a chambers structured as a partnership and regulated by the Solicitors Regulation Authority. Artesian Law is already looking to expand due to the number of instructions it has received.
Tags: ABS, advocacy, Alternative business structures, bar standards board, Barristers, criminal law, LDP, legal aid, legal disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Barristers, Latest news, Market monitor, Solicitors
New York lawyers told they cannot run the Big Apple operation of an ABS with external investors
Thursday, 22 March 2012New York lawyers are banned from running the Big Apple office of a UK alternative business structure with non-lawyer owners, the New York State Bar’s committee on professional ethics announced yesterday.
Tags: ABS, Alternative business structures, international practice
Posted in Alternative business structures, Latest news
Third of conveyancing firms “considering ABS conversion”
Wednesday, 21 March 2012More than a third of conveyancing firms are considering becoming an alternative business structure, new research has found. The survey also revealed predictions of large-scale closures of traditional law firms as a result of new competition.
Tags: ABS, Alternative business structures, conveyancing
Posted in Alternative business structures, Latest news
Preparing for the law firm beauty parade
Wednesday, 21 March 2012There have now been well over 100 alternative business structure applications since 3 January 2012 and we should see the first approvals imminently. So, what does this mean for the estimated 75% of practices which are just sitting and watching and hoping this will all go away? Should they be preparing to join the law firm beauty parade that will decide which law firms are purchased, sold and merged? Or are they right to wait on the side lines, biding their time?
Tags: ABS, Alternative business structures, mergers, private equity
Posted in Blog
RBS: more than £1bn of private equity cash waiting for law firms
Tuesday, 20 March 2012There is in excess of £1bn of private equity money available for investment in the legal market, while at least one UK law firm will proceed to a public listing this year, one of the profession’s leading bankers, James Tsolakis of RBS, has predicted.
Tags: ABS, Alternative business structures, mergers, private equity, Slater & Gordon, stock market listing
Posted in Alternative business structures, Latest news, Market monitor
The satisfied probate client: face-to-face advice from a solicitor on a fixed fee, says major survey…
Monday, 19 March 2012Consumers of probate and estate administration services are significantly more satisfied when they receive their advice face to face, rather than by e-mail, post or telephone, major research has found, while those on fixed fees pay a third less than those charged by the hour.
Tags: ABS, Alternative business structures, estate administration, Legal Services Board, probate, reserved legal activities
Posted in Latest news, Legal Services Board
Djanogly: ABSs helping to create conditions for legal aid firms “to flourish”
Monday, 19 March 2012The legal aid reforms will open up opportunities for law firms, with alternative business structures (ABSs) offering one way to exploit them, justice minister Jonathan Djanogly claimed last week. The significance of ABSs “cannot be overstated”, he said.
Tags: ABS, Alternative business structures, legal aid, Legal Aid Sentencing and Punishment of Offenders Bill, not-for-profit
Posted in Alternative business structures, Latest news
Blog
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
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.
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