Sentences with phrase «alternative business structures»
There are many people and organizations reviewing and discussing the implications of all the possible scenarios for alternative business structures, legal training and new ways to access justice.
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A more detailed discussion of the benefits and concerns regarding alternative business structures will be the subject of an upcoming blog post.
In 2015, all the noise is about alternative business structures.
This trend will only be further reinforced by alternative business structures opening up options for external funding, and giving firms the means to develop wholly new business models for subsidiary operations.
I believe that we are faced with two options: seeking alternative sources of funding and establishing alternative business structures.
We've also heard the arguments that there is no evidence that alternative business structures increase access to justice.
Existing providers may be worried that the delay enables alternative business structures to be in a position to compete.
Alternative business structures offer that flexibility — they can be many different things.
From a lawyer's perspective, alternative business structures represent a monumental change.
With alternative business structures adding to the competitiveness of the marketplace, this is becoming increasingly important for all practitioners.
Do alternative business structures actually increase access to justice when it comes to personal injury?
It is not obvious either what the opportunities or challenges of alternative business structures are within the scope of our current regulatory model.
It would be really easy to read last week's report from the Law Society of Upper Canada's Working Group on Alternative Business Structures as thoughtful and considered.
In 2007 the UK adopted the Legal Service Act, which allows for non-attorney ownership of law firms as Alternative Business Structures, starting in March 2012.
«The advent of external investment and ownership which came with the introduction of alternative business structures in 2012 marked the start of a new wave of commercial awareness within the sector which continues to evolve.
[i] Alternative Business Structures Working Group Report to Convocation (at Tab 4) of the Professional Regulation Committee Report, February 27, 2014 (Co-Chairs, Malcolm Mercer & Susan McGrath).
Afterall, the raison d'etre of the legislation allowing alternative business structures in the UK was to provide better access to justice all within a budget that is manageable to government.
on Law Society of Upper Canada's Alternative Business Structures Discussion Paper Posted — Comments Wanted
This discussion, of course, included alternative business structures in the practice of law, i.e.: non-lawyer ownership of firms.
Well, the following questions spring to mind: Despite all the fuss in the legal press, what's the point in new market entrants becoming alternative business structures next October if most of their business doesn't actually need to be regulated?
The structure and function of the law society, including the possibility of regulating alternative business structures, is a key question as the Law Society of Alberta's members vote in their bencher election this week.
There has been speculation since the first alternative business structure licences were granted several years back that a number of firms, including the likes of Irwin Mitchell, would look to raise capital by a listing.
The Law Society of Upper Canada has reignited the debate over alternative business structures as it considers a new measure that looks to facilitate access to justice for vulnerable people.
De-regulation in the UK legal sector is also causing increased competition in the form of Alternative Business Structures with new commercial practises and pricing structures.
The situation in the United Kingdom couldn't be more different: Such restrictions have largely been lifted, and under the Legal Services Act the creation of new ways of providing legal services — including through alternative business structures — is more than simply permitted; it is actively encouraged.
Should lawyers need further convincing that the main point about the Clementi reforms, the Legal Services Act and now the new alternative business structure market entrants is improving the lot of the consumer (and not inconveniencing lawyers), then it's well worth checking out the Legal Services Consumer Panel's (LSCP) Tracker survey which came out at the end of last month.
The prospect of Tesco or the Co-op owning a law firm or offering legal services had leader writers in the English legal press in a tizzy, but the Legal Services Board today produced a complex consultation document on Alternative Business Structures which sets out eligibility tests for significant equity investments in firms providing legal services... [more]
He recently acted for the Institute of Chartered Accountants in England and Wales in relation to its successful application for approval as a regulator and alternative business structure licensing authority in the field of probate services, and its implementation.
The BSB is not authorising Alternative Business Structures (ABSs)-- entities with non-lawyer owners and managers — but will soon apply separately to the Legal Services Board to become a licensing authority of ABSs.
the Law Society of Upper Canada working group on alternative business structures issued a report advising that it «does not propose to further examine any majority or controlling non-licensee ownership models for traditional law firms in Ontario at this time» but it will continue to explore options for «more limited non-licensee ownership models.»
Looking further ahead, when alternative business structures come into effect, which is currently predicted for 2011, there will presumably be the need for a major overhaul of the rules on separate businesses and recognised bodies.
Another such individual is self - described maven Geoff Wild, Chief Executive of the UK - based alternative business structure firm Invicta Law Ltd., which hatched in July 2016.
The Court also enacted new attorney Rules of Professional Conduct in March 2015, which allows LLLTs to own a minority interest in law firms with lawyers, making Washington the first U.S. state to formally permit alternative business structures (ABSs), which is generally defined as non-lawyer investment and / or ownership in law firms.
Unlike UK legal professionals, attorneys in the States are unable to create alternative business structures with other professionals that help meet our public's needs.
Update: Another insurer to enter the legal market is RSA, which in 2015 announced that it had been granted alternative business structure status and had entered into partnership with Parabis.
Specifically the LSSO will be looking at alternative business structures as they relate to law students, as well as gathering data on the Law Practice Program, which is wrapping up its first year.
In Australia, where alternative business structures have been allowed for several years, the cost of regulation has been lowered and the number of complaints against lawyers has decreased.
In 2012 CG Naylor LLP (formerly Crabtree Law) made waves as one of the UK's first newly formed Alternative Business Structure (ABS) law firms.
He has also substantial experience of law firm mergers and acquisitions, and related structuring around Alternative Business Structures.