Law firm news by topic » Alternative Business Structures

Diversity remains a challenge for legal profession

Jun 21, 2017 According to this year’s Annual Statistics Report from the Law Society, the legal profession has seen little change in partnership diversity, despite diversifying overall. Among practice certificate (PC) holders,…

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Singapore considers setting up legal regulator

Jan 29, 2014 The government in Singapore is considering setting up a new Legal Services Regulatory Authority, under the jurisdiction of the Law Ministry, to regulate the activities of domestic and foreign law firms. 
The…

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US law firms find their own alternatives

Sep 23, 2013 The US legal system does not currently permit non-lawyers to be partners in, or share profits with, law firms, on the principle that the industry needs a level of independence in order to serve clients properly. Some…

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Survey points to concern over ABSs in the UK

Aug 7, 2013 A new survey reveals a widespread perception that alternative business structures will undermine the service provided by law firms. ABSs were introduced in the UK to allow legal services to be provided under business…

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Scotland delays ABSs until end of 2013

Apr 18, 2013 The Scottish Law Society has indicated that legislation providing for Alternative Business Structures for Scottish law firms is likely to be delayed until the end of 2013. The planned reforms, which will allow up to…

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UK firm NewLaw partners with insurance giant

Apr 5, 2013 Cardiff-based personal injury law firm NewLaw Solicitors is joining with insurance giant Ageas to launch Ageas Law. The firm will advise clients making non-fault personal injury claims sustained after a motor…

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UK firms consider alliances with non-lawyers

Feb 22, 2013 Around a quarter of UK firms are considering mergers with non-legal practices within the next two years, according to research by accounting and consultancy firm Smith & Williamson. The sample size is pretty small,…

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