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“Numerous” external investors will appear alongside consolidation and new structures once the “floodgates of change” hit the personal injury market next year – with just five or six claimant firms likely to dominate – an authoritative new report has predicted.

A leading personal injury practice has become the latest law firm to obtain an alternative business structure licence as part of its preparations for the impact of the Jackson reforms. Co-founder David Bott is the immediate past president of APIL.

The residential conveyancing department of a Leicester law practice has left the firm to become an alternative business structure, while a sole practitioner targeting lender panels and a personal injury practice in Cheshire have also gained licences.

The Solicitors Regulation Authority has placed controls around the Parabis Group’s offshore operation in South Africa, it has emerged. Parabis received its alternative business structure licence yesterday.

Alternative business structures are not a simple solution to circumvent the impending ban on referral fees, but referrers are starting to see real opportunities to enter the legal market themselves, a leading adviser has said.