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Leading accountancy firm Kingston Smith has been granted a wide range of waivers from Solicitors Regulation Authority rules as part of its groundbreaking transfer of alternative business structure regulator. We also have ABS news from Fletchers, Express Solicitors and Legal Recoveries & Collections.

Leading accountancy firm Kingston Smith has become the first alternative business structure (ABS) to switch regulators after being granted a licence by the Solicitors Regulation Authority.

Irwin Mitchell has said it is “not involved” in discussions with private equity firm Duke Street to buy part of the Parabis Group, contrary to reports in the Sunday Times. The group admitted today that it has held “discreet discussions with other like-minded businesses” as it considered options to restructure its business.

International law firm DAC Beachcroft’s Claims Solutions Group, which employs 900 people across the UK, became an alternative business structure yesterday. Craig Dickson, chief executive of the group, said the move would help it respond to the “fluid” legal claims market.

Local authority legal departments are being forced to set up alternative business structures by restrictive rules on in-house lawyers, leading to the “privatisation” of public sector legal services, the director of Essex Legal Services has claimed.