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An ambitious Merseyside practice has obtained an alternative business structure licence as part of plans to start a round-the-clock “concierge service for SMEs”, and to kick-start its overseas expansion into southern Spain, targeting the British ex-pat community.

The second alternative business structure to be set up by a US firm in the UK is considering a merger with a firm of forensic accountants, Legal Futures can reveal. Foran Glennon (UK) specialises in insurance work.

External investment rather than the number of alternative business structures is the key to changing the legal profession, a former president of the Law Society has said. Meanwhile, well-known ABS Knights has changed structure to retain more of its profit.

The lengths to which the Solicitors Regulation Authority goes to approve people involved in alternative business structures has been highlighted by the case of a six-month-old baby.

The Legal Services Board has finally taken the Solicitors Regulation Authority off ‘report’ over how it is handling the approval of alternative business structures, with the number of licenses it has issued now topping 400.