‘The increasingly entrepreneurial activity of professional service providers has, as entrepreneurial activity usually does, its problems and risks. The losses of Novitas Loans Ltd., an intermediate consumer lender serving the legal market, remind anyone that the legal market is not risk-free.’
Hailsham Chambers, 11th April2024
Source: www.hailshamchambers.com
‘Sixty-four former employees of One Legal – the alternative business structure that owned two criminal law firms – have been granted full protective awards because they were made redundant without notice.’
Legal Futures, 21st June 2023
Source: www.legalfutures.co.uk
‘Professor Richard Susskind’s claim that the current model of alternative legal services providers has not delivered and needs to be rethought is premature, the boss of Radiant Law has argued.’
Legal Futures, 12th July 2021
Source: www.legalfutures.co.uk
‘Alternative business structures (ABSs) are reshaping the boundaries of the law by emphasising the benefit of integrated professional services, rather than pure legal knowledge, a leading academic has argued.’
Legal Futures, 17th June 2020
Source: www.legalfutures.co.uk
‘A non-lawyer owner of an alternative business structure (ABS) responsible for multiple rule breaches – including a £3.6m shortfall on his firm’s client account – has been banned from working in another one.’
Legal Futures, 11th February 2020
Source: www.legalfutures.co.uk
‘Alternative business structures (ABS) continue to have a “direct and positive impact” on the legal market, the oversight regulator has said.’
Legal Futures, 1st July 2019
Source: www.legalfutures.co.uk
‘The new rulebook for solicitors may lead to a “new breed” of multi-disciplinary practices (MDPs) emerging that integrate legal services with a very wide range of services for individuals, one of its architects has predicted.’
Legal Futures, 3rd April 2019
Source: www.legalfutures.co.uk
‘The Solicitors Regulation Authority has issued its biggest ever fine, against a business which sent six million marketing letters containing misleading statements.’
Law Society's Gazette, 14th March 2019
Source: www.lawgazette.co.uk
‘A defunct family law firm has been ordered by an employment tribunal to pay two female members of staff unpaid wages and damages.’
Legal Futures, 7th March 2019
Source: www.legalfutures.co.uk
‘Only five out of 22 lawyers and staff who lost their jobs when Hull firm Ingrams collapsed in July 2017 were protected by the TUPE regulations when the firm was effectively taken over by an innovative alternative business structure (ABS), an employment tribunal has ruled.’
Legal Futures, 8th January 2019
Source: www.legalfutures.co.uk
‘A litigation-focused legal and accountancy alternative business structure (ABS), which opened for business earlier this month, is set to benefit from an “explosion” in contested probate cases.’
Legal Futures, 10th December 2018
Source: www.legalfutures.co.uk
‘The level of innovation in the legal market has “stagnated and fallen in some areas” in recent years, but there are a number of encouraging signs for the future, major new research has revealed.’
Legal Futures, 29th November 2018
Source: www.legalfutures.co.uk
‘The legal market is “totally fragmented, under-capitalised, technologically semi-illiterate and structurally redundant”, a former justice minister has claimed, arguing that a smaller number of big firms is the answer to the problems with criminal legal aid.’
Legal Futures, 21st May 2018
Source: www.legalfutures.co.uk
‘The Solicitors Regulation Authority (SRA) should investigate whether there are regulatory barriers to law firms that become alternative business structures (ABSs) providing other professional services such as accountancy and surveying, rather than vice versa, a report it commissioned has recommended.’
Legal Futures, 10th May 2018
Source: www.legalfutures.co.uk
‘The low level of external investment in law firms since alternative business structures (ABSs) were allowed more than five years ago “may be a symptom of weak competition in the market overall”, a Legal Services Board (LSB) report has suggested.’
Legal Futures, 15th June 2017
Source: www.legalfutures.co.uk
‘Fast-growing alternative business structure Knights Professional Services is on the look-out for its next acquisition and ‘second city’ location – as well as more non-legal services – after unveiling an increase of more than 60% in turnover over the past year to £33.5m.’
Legal Futures, 2nd May 2017
Source: www.legalfutures.co.uk
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