Tag Results
Survey: strong interest in MDPs and external capital among big firms
Monday, 25 February 2013There is strong interest among the UK’s largest law firms in joining forces with a non-legal practice in the next two years, while several are also looking at external capital, according to new research.
Tags: ABS, Alternative business structures, external capital, MDP, multi-disciplinary practice
Posted in Latest news, Market monitor
Government closes door on accountants' last hope to change privilege rule
Thursday, 24 January 2013The government does not intend to extend legal professional privilege to non-lawyers, the Ministry of Justice confirmed yesterday after accountants urged Parliament to level the playing field for multi-disciplinary entities.
Tags: ABS, Alternative business structures, Bar Council, Institute of Chartered Accountants, Law Society, MDP, multi-disciplinary practice
Posted in Alternative business structures, Client care, Latest news
Niche corporate firm and conveyancing arm of property MDP become latest ABSs
Monday, 5 November 2012A West Midlands corporate transactions law firm that has advised on deals worth more than £20bn has become an alternative business structure, as has a practice working within a leading Bristol property services group.
Tags: ABS, Alternative business structures, Council for Licensed Conveyancers, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Market monitor
Where are the MDPs? Waiting for the accountants to start setting them up
Wednesday, 26 September 2012There is so far little evidence that alternative business structures (ABSs) will spawn large numbers of multi-disciplinary practices (MDPs), and those that do are likely to be accountancy led, it was claimed yesterday.
Tags: ABS, Alternative business structures, financial services, joint ventures, MDP, multi-disciplinary practice
Posted in Alternative business structures, Latest news, Market monitor
Firms in top 25 “eyeing up M&A activity with non-lawyers”, says survey
Tuesday, 10 July 2012A surprising number of top law firms are eyeing up merger with or acquisition of a firm from another profession, accountants BDO have found. Ten firms in the top 25 said it could happen in the next three years.
Tags: MDP, mergers, multi-disciplinary practice
Posted in Latest news, Market monitor
Survey: commercial firms eyeing up ABS opportunities, including MDPs and external cash
Tuesday, 26 June 2012Creating a multi-disciplinary practice, spinning off new services and accessing external investment to finance growth are the main goals of commercial law firms considering converting to alternative business structures, a new survey has found.
Tags: ABS, accountants, Alternative business structures, claims management companies, external investment, MDP, multi-disciplinary practice
Posted in Alternative business structures, Latest news, Market monitor
Everything you wanted to know about ABS applications but were literally afraid to ask
Friday, 22 June 2012Seven alternative business structures in more than five months does not seem to be a great achievement on the part of the Solicitors Regulation Authority, and increasingly Legal Futures has been hearing complaints about delay and a lack of transparency in the process.
Tags: ABS, Alternative business structures, MDP, multi-disciplinary practice, separate business rule, Solicitors Regulation Authority
Posted in Alternative business structures, Features
Regulators and professional bodies strike MDP deal
Friday, 4 May 2012Twelve regulators and professional bodies from the legal, accountancy, financial and property sectors have finally signed a formal agreement aimed at co-ordinating the oversight of multi-disciplinary practices.
Tags: ABS, Alternative business structures, bar standards board, Council for Licensed Conveyancers, Financial Services Authority, ILEX Professional Standards, Institute of Chartered Accountants, IPReg, MDP, multi-disciplinary practice, Solicitors Regulation Authority
Posted in Alternative business structures, Barristers, Latest news, Legal Executives, Other lawyers, Solicitors
Italian firm plots multi-disciplinary ABS
Friday, 27 April 2012Leading Italian multi-disciplinary firm Pirola Pennuto Zei & Associati has applied to become an alternative business structure, it has revealed. Pirola wants allow accountants and lawyers in its London partnership to share revenues and profits.
Tags: ABS, Alternative business structures, MDP, multi-disciplinary practice
Posted in Latest news, Market monitor
Prospect of MDPs "catching the imagination" of large law firms, survey finds
Tuesday, 14 February 2012Large law firms are showing increasing interest in forming multi-disciplinary practices with non-lawyer professionals, according to new research. The survey of 126 of the top 250 firms by accountants Smith & Williamson found that a third are interested in joining with a non-legal practice.
Tags: ABS, Alternative business structures, external investment, MDP, multi-disciplinary practice
Posted in Alternative business structures, Latest news, Market monitor
Blog
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.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
Reports
Associates
