Tag Results
“Out of step” Bar throws spanner into workings of ABS disciplinary regime
Friday, 19 November 2010The Bar is “out of step” with fellow regulators over its operation of the criminal standard of proof in its disciplinary tribunal, a Bar Standards Board meeting in London was told yesterday, potentially causing problems with the admissibility of regulators’ disciplinary findings in the post-ABS world. Meanwhile, the board also argued about the strength of the disciplinary sanction for failing to meet continuing professional development requirements.
Tags: ABS, Alternative business structures, bar standards board, standard of proof
Posted in Barristers, Legal Services Board, News
Float like a butterfly?
Tuesday, 16 November 2010The latest in our series of extracts from Climate Change, a report on the impact of the Legal Services Act published by accountants Baker Tilly, considers what kinds of law firms might float and the impact it could have on the practice and staff
Tags: ABS, Alternative business structures, partnerships
Posted in Alternative business structures, Latest news, Market monitor, News
UK lawyers failing consumers but are better than second-hand car salesmen, says EU
Friday, 5 November 2010Legal services is one of the markets most failing UK consumers, with bankers and insurers among those doing a better job, pioneering European Union research has revealed. Lawyers are just ahead of second-hand car salesmen, however. The Legal Services Consumer Panel has branded the results “embarrassing” and said lawyers will have to up their game significantly if they are to resist competition from alternative business structures.
Tags: ABS, Alternative business structures, complaints, EU, Legal Services Consumer Panel
Posted in Alternative business structures, Consumer panel, News
Why big brand legal services are bad news for solicitors
Thursday, 4 November 2010Is it time for solicitors to panic? The significance of the announcement that the AA and Saga have launched legal services websites is less in what they are offering but in the fact that they are the latest big brands to see potential in the legal market.
Tags: ABS, Alternative business structures, legal expenses insurance, reserved legal activities
Posted in Alternative business structures, Market monitor, News
Kafka – required reading for tomorrow’s lawyer?
Thursday, 4 November 2010A Gazette article caught my eye today, entitled “Solicitors believe ABSs will create ‘more opportunity’”, writes Duncan Finlyson. It is the latest bizarre and illogical instalment in the plan to delude everyone into believing that alternative business structures are not a threat but an opportunity.
Tags: ABS, Alternative business structures
Posted in Blog
“Anything that doesn’t need a physical presence can be done offshore”
Thursday, 4 November 2010The second in a series of extracts from Climate Change, a report on the impact of the Legal Services Act published by accountants Baker Tilly, looks at the growing role of outsourcing both front and back-office work, and how far it could go.
Tags: ABS, Alternative business structures, legal process outsourcing, LPO
Posted in News, Outsourcing
Sampson: ABSs put pressure on LeO to determine boundaries of its jurisdiction
Thursday, 4 November 2010The Legal Ombudsman service needs to work out the limits of its jurisdiction “and quickly”, as new business models emerge, chief ombudsman Adam Sampson has said. Mr Sampson said that with the pace of legal services reform accelerating and the legal services market “rapidly moving away from a reliance on the high street solicitor” and towards new providers entering the market “with very different business models”, it is very important to consumers that LeO is clear about what is and is not within its jurisdiction.
Tags: ABS, Alternative business structures, complaints, Legal Ombudsman, LeO, Solicitors Regulation Authority
Posted in Client care, Legal Ombudsman, News, Regulation
Law Society sets down red lines marking out limits of its support for ABSs
Wednesday, 3 November 2010The Law Society has begun laying down the red lines beyond which it will not be able to support alternative business structures (ABSs), Legal Futures can reveal. The society’s regulatory affairs board has highlighted a variety of issues that it expects to see addressed if it is to judge the arrangements for ABSs satisfactory, including effective controls on the fitness to own of prospective external owners.
Tags: ABS, Alternative business structures, fitness to own, MDP, multi-disciplinary practice, separate business rule
Posted in Alternative business structures, News, Solicitors
What would you do with £50m?
Tuesday, 2 November 2010The first of a series of extracts from Climate Change, a report on the impact of the Legal Services Act published by accountants Baker Tilly, considers what kinds of law firms and investors will be interested in taking advantage of alternative business structures. And just what would a big law firm do with a £50m cash injection?
Tags: ABS, Alternative business structures, external investment, Legal Services Act
Posted in Alternative business structures, Market monitor, News
Here come the brands: AA and Saga launch legal websites aimed at Middle England
Monday, 1 November 2010The AA and Saga have today launched legal services websites targeted at Middle England as pressure on high street solicitors cranks up. Both companies – which are owned by the same private equity businesses – have tied up with volume law firm Cogent Law to offer services sitting behind an online document-assembly platform provided by legal IT company Epoq Legal.
Tags: ABS, Alternative business structures, legal expenses insurance, Online Legal Services
Posted in Alternative business structures, Market monitor, News