Tag Results
PwC to explore option of becoming an ABS and absorbing its legal arm
Wednesday, 7 December 2011Big four accountancy firm PwC is to explore whether to absorb its associated law firm and become an alternative business structure. Legal services is the one area of the firm’s work where it is not able to operate as a totally integrated practice.
Tags: ABS, accountants, Alternative business structures, Institute of Chartered Accountants, MDP, multi-disciplinary practice
Posted in Alternative business structures, Market monitor, News
ABSs and fixed fees are answer to charities' legal advice deficit, says consumer panel report
Tuesday, 6 December 2011Alternative business structures could be decisive in helping smaller charities access legal advice with fixed fees, according to research which shows many lack understanding of their legal needs and cannot afford solicitors.
Tags: ABS, Alternative business structures, Legal Services Consumer Panel
Posted in Alternative business structures, Consumer panel, Market monitor, News
Bar Council working on scheme that enables barristers to hold client money
Tuesday, 6 December 2011The Bar Council has begun work on providing central client account facilities for barristers, it emerged last night as incoming chairman Michael Todd QC set out his stall for 2012 with a call for barristers to invest in their future.
Tags: ABS, Alternative business structures, Bar Council, Barristers
Posted in Barristers, News
America poised to embrace LDPs – but go no further towards ABSs
Monday, 5 December 2011America last week moved a major step closer to introducing a version of legal disciplinary practices (LDPs), while ruling out multi-disciplinary practices. The American Bar Association has noted the “remarkable” growth of LDPs in England and Wales.
Tags: ABS, Alternative business structures, legal disciplinary practice, multi-disciplinary practice
Posted in Alternative business structures, News
SRA fires the starting gun for ABS applications
Thursday, 1 December 2011The Solicitors Regulation Authority will begin accepting licensing applications for alternative business structures from 3 January 2012, with the first successful ones announced within around six weeks, it announced today.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, News
Accountants' ABS ambitions hit by new EU audit rules
Thursday, 1 December 2011The ambitions of larger firms of accountants to offer legal services have become more complicated after the European Commission announced plans to stop auditors offering non-audit services. If it becomes law, the move will lead to the break-up of the ‘big four’ accountants into audit and consultancy businesses.
Tags: ABS, accountants, Alternative business structures, MDP, multi-disciplinary practice
Posted in Alternative business structures
Law firm investor in talks with more than 25 practices
Wednesday, 30 November 2011The first business to announce its intention to invest in law firms has already spoken to more than 25 interested practices, it has revealed. However, In-Deed’s half-year results have revealed a very slow start to its online conveyancing business, with only 120 instructions in four months.
Tags: ABS, Alternative business structures, external investment, Online Legal Services
Posted in Alternative business structures, Latest news, Market monitor
Government, LSB and Law Society join forces to take pre-ABS temperature of high street law firms
Wednesday, 30 November 2011The Legal Services Board is joining forces with the Ministry of Justice and the Law Society to ask 2,000 high street law firms how ready they are for the introduction of alternative business structures. It will form part of what is likely to be the largest ever survey of high street legal provision.
Tags: ABS, Alternative business structures, high street firms
Posted in Legal Services Board, News
DAS buys Everything Legal as it prepares for ABS conversion
Tuesday, 29 November 2011Legal expenses insurer DAS has taken the next step in its preparations to become an alternative business structure by acquiring online legal services company Everything Legal, which owns legal advice website Law on the Web. It will give DAS a strong direct route to market.
Tags: ABS, Alternative business structures, Online Legal Services
Posted in Alternative business structures, Market monitor, News
Regional accountancy firm unveils plan to become ABS
Friday, 25 November 2011A regional firm of accountants is planning to become an alternative business structure (ABS). Becoming an ABS will allow Spofforths to improve the private client service currently provided by an in-house legal team and in time become a legal brand in its local market.
Tags: ABS, accountants, Alternative business structures, Council for Licensed Conveyancers, Institute of Chartered Accountants, reserved legal activities, Solicitors Regulation Authority
Posted in Alternative business structures, Market monitor, 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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