Alternative Business Structures

With the dramatic increase in the number of ABSs licensed, and large players now entering the field, it is clear that ABSs will have a sizable impact on the market. Can you really afford to turn a blind eye? Taking the risk may well be at your firm's peril. Managing Partner's report, Alternative Business Structures, offers legal services providers and consumers with crucial advice on how best to deal with this new regime. Whether you are considering taking the ABS route, or wish to know if you may need to, this report provides the basis upon which to make your decision. Included you'll find: A definition of what must be an ABS; Practical advice on the regulatory requirements and issues to consider when applying for a license, and dealing with the licensing authority; The different models of ABS available and factors that may affect investment; Issues of supervision and enforcement that may arise post authorisation; and The implications of ABSs on the wider legal market. Insightful case studies on the implications and practicalities of converting to an ABS are featured from high profile and innovative ABSs, the Co-operative Legal Services, and Knights.
You'll also find a detailed international perspective on ABSs from Tina Williams of Fox Williams LLP, focusing specifically on the USA, Australia, and Europe. And, an expert view from the LSB's Crispin Passmore on the future of the legal market, and the risks and opportunities legal services businesses can expect to face.