Tag Results
ICAEW bids to regulate accountant-led ABSs on back of probate rights application
Thursday, 23 June 2011The Institute of Chartered Accountants in England and Wales (ICAEW) is investigating how it can license accountancy firms to become alternative business structures and provide legal advice to clients, Legal Futures can reveal. The ICAEW is set first to apply for the right to regulate its members to provide reserved probate activities.
Tags: ABS, accountants, Alternative business structures, ICAEW, Institute of Chartered Accountants, probate
Posted in Alternative business structures, Legal Services Board, Market monitor, News
All roads lead to ABS – including legal aid
Wednesday, 22 June 2011After all the breathless anticipation, we rather got what we were expecting yesterday on legal aid and the Jackson reforms – full steam ahead into the parliamentary process, with the odd tweak of the former (the tweaks of the latter having already been announced in March). I have written before that alternative business structures (ABSs) are the bigger picture of the Jackson reforms, and surely the same goes for legal aid, albeit for different reasons.
Tags: ABS, Alternative business structures, legal aid
Posted in Blog
Sell, sell, sell – what In-Deed tells us about law firm flotation
Friday, 17 June 2011I don’t know much about the financial markets – that’s one of the many reasons I became a solicitor donkey’s years ago. So I don’t quite get how a company like online conveyancing business In-Deed, that with the best will in the world is currently little more than an idea, can float on AIM, have a market capitalisation of £8.6m and within a couple of days see its share price rise a third, from 42p to 56p.
Tags: ABS, Alternative business structures, Slater & Gordon, stock market listing
Posted in Blog
SRA receives green light to license ABSs
Thursday, 16 June 2011The Legal Services Board is to recommend to the Lord Chancellor that the Law Society – through the Solicitors Regulation Authority – become an alternative business structure licensing authority. However, there has been a disagreement over the separate business rule.
Tags: ABS, Alternative business structures, Law Society, Legal Services Board, Legal Services Consumer Panel, Office of Fair Trading, OFR, outcomes-focused regulation, separate business rule, Solicitors Regulation Authority
Posted in Alternative business structures, Legal Services Board, News, Solicitors
In-Deed eyes up expansion into will-writing and personal injury work
Wednesday, 15 June 2011In-Deed, the new online conveyancing service from Rightmove founder Harry Hill, is eyeing up expansion into the will-writing and personal injury market. The company listed on AIM today with a market capitalisation of £8.6m.
Tags: ABS, Alternative business structures, conveyancing, personal injury, will-writing
Posted in Alternative business structures, Market monitor, News
Survey: brands aren’t important – but clients will still head to AA, Co-op and Tesco
Wednesday, 15 June 2011Just 3% of consumers rate a recognisable brand such as Tesco, the Co-operative or the AA as an important factor when choosing a law firm, new research has found. However, the survey of 500 consumers found that 26% would nonetheless go to one of those three brands for legal advice – but 74% would choose a traditional law firm.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Legal Services Act, Market monitor, News
Co-op pilots face-to-face legal advice in branches of Britannia
Tuesday, 7 June 2011The Co-operative has this week broken new ground by offering face-to-face legal services, combined with financial services advice, through the Britannia bank. The pilot could be the precuror to legal services being delivered through 350 branches of Britannia and the Co-operative Bank.
Tags: ABS, Alternative business structures, Co-op
Posted in Alternative business structures, Market monitor, News
Two sides of the referral fee coin
Monday, 6 June 2011Reaction to the Legal Services Board’s decision document last week on referral fees has been predictable. The Law Society and Bar Council were deeply unhappy, as was the Association of British Insurers (not an organisation with which Chancery Lane often makes common cause).
Tags: ABS, Alternative business structures, Association of British Insurers, Legal Services Board, referral fees
Posted in Blog
News in brief: quality schemes probe, fast-track LPC for all, CQS on the up and more
Thursday, 2 June 2011Our regular round-up of developments you need to know about includes a call for advice on voluntary quality schemes, the opening up of the legal market in Korea, the College of Law’s fast-track LPC, the continuing fight over the scope of legal professional privilege, CQS hitting 200 firms and much more.
Tags: ABS, Alternative business structures, Bar Council, conveyancing quality scheme, CQS, Law Society, legal practice course, Legal Services Board
Posted in News In Brief
Paying the piper for a bit longer yet
Wednesday, 1 June 2011Put six lawyers in a room and you may well get nine different points of view on referral fees. But could the end be nigh for this fierce debate, which has split the profession asunder for many years? As the Legal Services Board recognised in its decision last week – and secretly probably hopes – the advent of alternative business structures could render the issue irrelevant.
Tags: ABS, Alternative business structures, bar standards board, claims management companies, conveyancing, Legal Services Board, referral fees, Solicitors Regulation Authority
Posted in Blog