Unnecessary ABS approval rules to be scrapped in latest regulation bonfire – Legal Futures

‘The rule which requires the Solicitors Regulation Authority (SRA) to approve the individuals who own companies that in turn own alternative business structures (ABSs) is set to be scrapped, it announced yesterday.’

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Legal Futures, 17th April 2015

Source: www.legalfutures.co.uk

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New legal services businesses now being authorised by regulator – Bar Standards Board

Posted April 10th, 2015 in alternative business structures, barristers, press releases by tracey

‘The barristers’ regulator, the Bar Standards Board (BSB), has today approved 15 new businesses as it begins authorising BSB-regulated entities – companies or partnerships that provide advocacy, litigation, and expert legal advice services.’

Full press release

Bar Standards Board, 8th April 2015

Source: www.barstandardsboard.org.uk

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Regulator confirms minimum insurance terms for entities – Bar Standards Board

‘The Bar Standards Board (BSB) has today [24 March] published the minimum terms of the professional indemnity insurance it expects BSB-regulated businesses (“entities”) to have in place.’

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Bar Standards Board, 24th March 2015

Source: www.barstandardsboard.org.uk

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“Tesco Law” in theory will be “Asda Law” in reality – The Future of Law

Posted January 20th, 2015 in alternative business structures, law firms, news by sally

‘In the run up to the Legal Services Act and its “aftermath” the name that came to symbolise the supposed rise of consumer brands entering the legal market was Tesco.’

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The Future of Law, 19th January 2015

Source: www.blogs.lexisnexis.co.uk

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A new era for the Bar beckons as barristers can now apply to set up new business models without changing regulators – Bar Standard Board

Posted January 6th, 2015 in alternative business structures, barristers, legal profession, news by sally

‘From today, 5 January 2015, the Bar Standards Board (BSB) will accept applications from those wishing to set up BSB-regulated businesses (“entities”), owned and managed by lawyers, and which provide “reserved legal activities” such as appearing in court as an advocate. The barristers’ regulator is due to begin authorising applications in April this year.’

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Bar Standards Board, 5th January 2015

Source: www.barstandardsboard.org.uk

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Lawyers and their Regulators: What Next? – Nicholas Lavender QC, Chairman of the Bar Council

Lawyers and their Regulators: What Next? (PDF)

Nicholas Lavender QC, Chairman of the Bar Council

The Bar Council, 24th November 2014

Source: www.barcouncil.org.uk

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What could be the global impact of the UK’s Legal Services Act? – OUP Blog

Posted November 10th, 2014 in alternative business structures, competition, legal services, news by sally

‘In 2007, the UK Parliament passed the Legal Services Act (LSA), with the goal of liberalizing the market for legal services in England and Wales and encouraging more competition—in response to the governmentally commissioned ‘Clementi’ report finding the British legal market opaque, inflexible, overly complex, and insulated from innovation and competition.’

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OUP Blog, 8th November 2014

Source: www.blog.oup.com

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“Do not dismiss ABSs,” Lord Judge tells criminal law barristers – Legal Futures

‘Lord Judge, the former Lord Chief Justice, has warned criminal law barristers that the “old-fashioned chambers structures must be reconsidered” and they must not dismiss alternative business structures (ABSs) “out of hand”.’

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Legal Futures, 31st October 2014

Source: www.legalfutures.co.uk

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LSB attacks “arbitrary nature” of separate business rule – Legal Futures

‘The Legal Services Board (LSB) has attacked the “arbitrary nature” of the separate business rule used by the Solicitors Regulation Authority (SRA), and said the list of what is permitted and what is not is “confusing”.’

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Legal Futures, 10th October 2014

Source: www.legalfutures.co.uk

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Legal Ombudsman outlines test for dealing with complaints about MDPs – Legal Futures

‘The Legal Ombudsman (LeO) has introduced a policy for dealing with complaints about organisations which provide non-legal as well as legal services, such as some alternative business structures (ABSs) and, shortly, accountants who offer probate advice.’

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Legal Futures, 19th September 2014

Source: www.legalfutures.co.uk

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MPs approve probate and conveyancing rights for legal executives – Legal Futures

‘The Chartered Institute of Legal Executives (CILEx) has won the approval of the House of Commons to grant its members rights to conduct reserved probate and conveyancing work.’

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Legal Futures, 10th September 2014

Source: www.legalfutures.co.uk

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Barrister led ABS: too much to take on? – The Future of Law

Posted August 1st, 2014 in alternative business structures, barristers, legal services, news by sally

‘There is a mystique to the Bar of England and Wales, designed to present a timeless image of legal practitioners. Working in rabbit warrens around the Temple, wearing robes and a horsehair wig, and dealing with only the highest levels of legal thought, it is a façade that conceals some very radical ambitions for change.’

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The Future of Law, 31st July 2014

Source: www.futureoflaw.lexisnexis.co.uk

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Barristers lay out plans for range of new entities – Legal Futures

Posted July 1st, 2014 in alternative business structures, barristers, news by sally

‘Barristers are looking at creating a wide range of legal businesses – with solicitors, paralegals and others – once the Bar Standards Board’s (BSB) application to become an entity regulator is approved, it has emerged.’

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Legal Futures, 1st July 2014

Source: www.legalfutures.co.uk

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Barristers move towards ABS, survey says – Legal Futures

Posted June 19th, 2014 in alternative business structures, barristers, news, statistics by sally

‘Nearly one in five criminal and family barristers are considering joining alternative business structures (ABS) with non-lawyer owners, while four out of 10 of all barristers plan to apply, or are thinking of applying, for authorisation to conduct litigation, according to a major survey.’

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Legal Futures, 19th June 2014

Source: www.legalfutures.co.uk

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Are judges and opposing parties targeting lawyers? Recent cases suggest they are – Legal Futures

Posted February 13th, 2014 in alternative business structures, costs, law firms, news, solicitors by sally

‘A string of recent cases indicate that judges may be increasingly tempted to remind solicitors of their duty to act impartially in litigation, in an era of alternative business structures (ABSs) where their loyalties might be tested, according to a leading criminal lawyer.’

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Legal Futures, 13th February 2014

Source: www.legalfutures.co.uk

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Launch of the Bar Standards Board handbook; challenges and opportunities – Attorney General’s Office

‘Attorney General Dominic Grieve QC MP keynote speech at the launch of new Bar Standards Board handbook.’

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Attorney General’s Office,

Source: www.gov.uk/ago

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Criminal law barristers urged to embrace new business structures to survive – Legal Futures

Posted December 19th, 2013 in alternative business structures, barristers, competition, legal services, news by tracey

‘Criminal law barristers need to consider significant changes to their business models if they are to remain competitive, the Legal Services Board (LSB) has argued. In its submission to the Ministry of Justice-commissioned Jeffrey review of the provision of independent criminal advocacy, the LSB identified continued market liberalisation as one of the reasons the government did not need to intervene.’

Full story

Legal Futures, 18th December 2013

Source: www.legalfutures.co.uk

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Future Regulation – forward or backward ? – Legal Services Board

Future Regulation – forward or backward? (PDF)

Legal Services Board, 3rd December 2013

Source: www.legalservicesboard.org.uk

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Legal Services Board clarifies position on special bodies and ABS – Legal Services Board

“Legal Services Board clarifies its stance on licensing special bodies as alternative business structures (ABS).”

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Legal Services Board, 26th September 2013

Source: www.legalservicesboard.org.uk/

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Barristers join the revolution after receiving green light to conduct litigation – Legal Futures

“Barristers will be allowed to conduct litigation and form associations with non-barristers after the Legal Services Board approved the new Bar Standards Board (BSB) code of conduct.”

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Legal Futures, 25th July 2013

Source: www.legalfutures.co.uk

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