UK top 50 firm Gately secures ABS license

December 20, 2013 Gateley has become the second top 50 UK firm to secure an ABS (Alternative Business Structures) license, allowing them to appoint non-solicitors to its membership and to seek external investment from 1 January 2014.

Gateley's senior partner Michael Ward says that there are no plans at this stage to seek equity for the firm, and that the move was intended to open the way for hiring non-solicitors at management level as partners in the business.

"The process has taken six months to complete, so if we ever wanted to use the flexibility of an ABS, it's something we can do immediately”, said Ward.

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