Alternative Business Structures

The message from the Solicitors Regulation Authority (SRA) is loud and clear.  Alternative Business Structures (ABS) are coming and despite the delay they will soon be in position to begin accepting applications.

At a recent event, sponsored by Eclipse Legal Systems, SRA Chief Executive - Andrew Townsend - spoke about the regulatory delays and the levels of current interest being experienced in the ABS application process.

Points of note included:

• 15 "serious discussions" are currently ongoing with firms including claims management companies, law firms, major retailers, accountancy firms, loss adjusters and private equity houses
• The SRA is planning to open its books to ABS applicants in December

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