Alternative business structures
Self-insurance ABS plans overseas expansion within global group
A niche ABS owned by a global insurance giant plans to take its service advising large companies on self-insurance schemes to other countries in which its parent operates.
Florida becomes latest state to move towards allowing ABSs
Florida has become the latest American state to move towards allowing alternative business structures, while British Columbia has launched a regulatory sandbox to encourage innovation in Canada.
LegalZoom uses ABS to bypass US ban on employing lawyers
US legal services giant LegalZoom is bypassing the domestic ban on non-law firms practising law by employing US lawyers through its UK alternative business structure, it has emerged.
Shoosmiths spins debt practice into joint venture ABS
National law firm Shoosmiths has spun its debt recovery practice into an alternative business structure joint venture with collections, recoveries and enforcement company Chartsbridge.
Firm merges clinical negligence team with barrister-led ABS
National law firm Devonshires has merged its clinical negligence department with barrister-led firm PI Law Direct to create Devonshires Claims, a specialist clinical negligence and personal injury practice.
Dispersed US firm launches in UK with big ambitions
US dispersed law firm Rimon has entered the UK market as an alternative business structure, with plans to expand rapidly and challenge the likes of Keystone Law and gunnercooke.
Top Chinese firm eyes non-lawyer partners with ABS move
A leading Chinese law firm has converted its London operation into an alternative business structure with a view to bringing non-lawyer partners on board. It is already in talks with some.
Legal Services Act has delivered “limited benefits to competition”
The Legal Services Act 2007 has only delivered “a few of the benefits typically associated with deregulation”, a report by Boston Consulting Group has concluded.
Irwin Mitchell tipped for £500m stock market listing – again
National consumer giant Irwin Mitchell is planning a stock market float valuing the law firm at £500m, according to press reports at the weekend. It could happen this year, said Sky News.
Covid hits revenue and profits at Co-op Legal Services
Revenue and profits at Co-operative Legal Services fell as a result of coronavirus but case volumes grew during last year, its annual results have shown.
Blog
Keeping the conversation going beyond Pride Month
As I reflect on all the celebrations of Pride Month 2024, I ask myself why there remains hesitancy amongst LGBTQ+ staff members about when it comes to being open about their identity in the workplace.
Third-party managed accounts: Your key questions answered
The Solicitors Regulation Authority has given strong indications that it is headed towards greater restrictions on law firms when it comes to handling client money.
Understanding vicarious trauma in the legal workplace
Vicarious trauma can happen to anyone who works with clients who have experienced trauma such as domestic or other violence, child abuse, sexual assault, torture or being a refugee.
Reports
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