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A boutique firm of external in-house counsel has launched an alternative business structure in order to expand and strengthen its non-lawyer management. London-headquartered Cleveland & Co received its ABS licence from the Solicitors Regulation Authority, effective from 1 August.

The Bar Standards Board (BSB), which predicted at one point last year that it would authorise 400 firms in 2015, has authorised only 32 in its first four months as an entity regulator, it has emerged. Meanwhile it may not be regulating alternative business structures until later next year.

Peninsula Business Services, one of the largest unregulated providers of legal services in the country, has blamed Solicitors Regulation Authority rules for scuppering its plans to set up an alternative business structure. The company provides employment law, HR and health and safety advice to over 30,000 small businesses in the UK.

A former high-flying banker, who worked at Lehman Brothers before the crash, has told Legal Futures how he developed a plan to set up a pioneering alternative business structure while travelling in Vietnam. Zahid Hussein said he wants Z Group to be an integrated one-stop shop for SMEs.

The number of accountancy firms authorised or licensed by the Institute of Chartered Accountants in England and Wales (ICAEW) to provide probate services has passed 100. The ICAEW has predicted that it will reach 200 by the end of the year.