The American Bar Association will continue to defer any serious consideration of
alternative business structures in the United States.
My argument was that allowing paralegals in Ontario and allowing
alternative business structures in Australia and England has not solved the unmet legal needs problem and that a legitimate goal does not justify change if the change does not advance the goal.
We have been working with our counterparts in Saskatchewan and Alberta in order to explore how law societies can appropriately and effectively implement entity regulation and allow for
alternative business structures in a coordinated way.
See also Nick Hilborne, «Not So Slow: SRA Approving
Alternative Business Structures in Only Two Weeks,» Legal Futures, February 17, 2016, http://www.legalfutures.co.uk/latest-news/not-so-slow-sra-approving-alternative-business-structures-in-only-two-weeks.
Many agreed with the Ontario Trial Lawyers Association, which said the role of
alternative business structures in fostering innovation is «overstated.»
Mercer is leading the charge for
alternative business structures in the legal profession.
«Not So Slow: SRA Approving
Alternative Business Structures in Only Two Weeks.»
This discussion, of course, included
alternative business structures in the practice of law, i.e.: non-lawyer ownership of firms.
Why do you think that firm failed and did it have anything at all to do with being
an alternative business structure in your judgment?
Another take on this is the formation of Kim Technologies, which has helped its parent Riverview Law (
an alternative business structure in the U.K.), transition away from being a legal services provider enabled by technology that is unable to carry on business in North America.
Established as
an Alternative Business Structure in April 2015, YangTze Law is the UK's first wholly Chinese - owned law firm.
He is the first board appointment made since the group converted to
an alternative business structure in August 2012.
Not exact matches
Well, there's a new
alternative: the Limited - Liability Company (LLC), a
business structure now available
in eight states: Colorado, Florida, Kansas, Nevada, Texas, Utah, Virginia, and Wyoming.
While deciding what option is best,
business owners should keep
in mind that real property (i.e.
structures) must be depreciated using the
Alternative Depreciation Schedule.
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During the third quarter, we reduced NOOK expenses by $ 25 million and recently took additional action to exit NOOK's app and video
businesses that will result
in additional cost savings... we are actively engaged
in exploring a number of
alternatives to materially reduce NOOK's expense
structure.
In Argo's case, I address the slippage in AUM in the past couple of years by: i) haircutting my valuation of the asset management business to 3.75 % of AUM (if AUM were increasing steadily & incentive fees being earned, a valuation of 7.5 % or even 10 % of AUM wdn't be unreasonable, considering Argo's fee structure, and ii) calling for more resources to be devoted to fund - raising, and other alternative revenue / fee sources (for example, like white - label & sub-advisory contracts) to be explored — see here: https://wexboy.wordpress.com/2012/11/16/argo-escape-from-an-evil-stat
In Argo's case, I address the slippage
in AUM in the past couple of years by: i) haircutting my valuation of the asset management business to 3.75 % of AUM (if AUM were increasing steadily & incentive fees being earned, a valuation of 7.5 % or even 10 % of AUM wdn't be unreasonable, considering Argo's fee structure, and ii) calling for more resources to be devoted to fund - raising, and other alternative revenue / fee sources (for example, like white - label & sub-advisory contracts) to be explored — see here: https://wexboy.wordpress.com/2012/11/16/argo-escape-from-an-evil-stat
in AUM
in the past couple of years by: i) haircutting my valuation of the asset management business to 3.75 % of AUM (if AUM were increasing steadily & incentive fees being earned, a valuation of 7.5 % or even 10 % of AUM wdn't be unreasonable, considering Argo's fee structure, and ii) calling for more resources to be devoted to fund - raising, and other alternative revenue / fee sources (for example, like white - label & sub-advisory contracts) to be explored — see here: https://wexboy.wordpress.com/2012/11/16/argo-escape-from-an-evil-stat
in the past couple of years by: i) haircutting my valuation of the asset management
business to 3.75 % of AUM (if AUM were increasing steadily & incentive fees being earned, a valuation of 7.5 % or even 10 % of AUM wdn't be unreasonable, considering Argo's fee
structure, and ii) calling for more resources to be devoted to fund - raising, and other
alternative revenue / fee sources (for example, like white - label & sub-advisory contracts) to be explored — see here: https://wexboy.wordpress.com/2012/11/16/argo-escape-from-an-evil-state/
Most bizarrely, no mention is made of
alternative business structures as used
in the UK or Australia —
structures that would allow for imaginative combinations that would truly allow for greater access to justice.
Alternative business structures (non-lawyer ownership) seem less inevitable
in the U.S., but their eventual existence does not seem like an unreasonable prediction.
It's already important but once the door to
alternative business structures is open here, and it will, dramatic and fast - paced change
in the profession are inevitable.
The
alternatives to practice may not come
in the form of other
business structures, but
in other technological
structures which allow for law to be conducted
in different ways.
Until the problem is solved, lawyers and law students best beware such obsolescent law societies, and for similar reasons, beware the proponents of «
alternative business structures,»
in whatever form and size proposed.
Alternative Business Structures (ABS)
in Europe are showing cost savings of 30 — 40 % and higher client satisfaction.
In August of last year, however, the CBA Legal Futures Initiative released its report Futures: Transforming the Delivery of Legal Services in Canada on alternative business structures (ABSs) and multi-disciplinary practices (MDPs
In August of last year, however, the CBA Legal Futures Initiative released its report Futures: Transforming the Delivery of Legal Services
in Canada on alternative business structures (ABSs) and multi-disciplinary practices (MDPs
in Canada on
alternative business structures (ABSs) and multi-disciplinary practices (MDPs).
The Canadian legal profession is currently engaged
in a much - needed debate about the future of legal services
in general and whether to allow the use of so - called
alternative business structures (ABSs) more particularly.
In 2015, all the noise is about
alternative business structures.
For many firms, the operational centrepiece of LSA 2007 will be the provision
in Pt V for
alternative business structures (ABSs).
There are signs that this concept of a total change
in culture and working patterns is becoming more popular, with the Law Society survey reporting that 475
alternative business structures (ABSs) were
in operation: 116 more than a year earlier making up 5 % of all firms.
The most controversial of those recommendations are those supporting liberalization of the legal services market and that lawyers be permitted to practice
in alternative business structures.
Encouraging more diversity
in recruitment is just one aspect of this progress —
alternative business structures and a culture rethink is required to retain diverse legal talent.
In the new era of alternative business structures, we must also consider how a limited company is the ideal vehicle to allow for external investment in the practic
In the new era of
alternative business structures, we must also consider how a limited company is the ideal vehicle to allow for external investment
in the practic
in the practice.
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.
«
Alternative Business Structures and the Legal Profession
in Ontario: A Discussion Paper.»
The
alternative business structures («ABS») approach
in the United Kingdom is one example of this.
The first law firms with non-attorney ownership (
Alternative Business Structures, or ABS) began to open
in late 2011 and 2012.
Washington State is now the first state [1] to allow
alternative business structures (ABSs), whereby non-lawyers are authorized to share fees with lawyers and have ownership interests
in law firms via the recently approved Limited License Legal Technician (LLLT) Rules of Professional Conduct (RPC).
«Comment
in Opposition to
Alternative Business Structures.»
Skeptics of
alternative business structures (ABS) have interpreted recent negative news as the death knell for ABS
in Canada.
Areas of study include the licensing of non-lawyers to perform legal tasks,
alternative business structures, multijurisdictional practice / reciprocity (internationally as well as
in the country), and the uniform bar examination.
Today our topic is How
Alternative Business Structures are working
in a UK law firm and will they cross the pond?
Today, our subject is How
Alternative Business Structures are working
in a UK law firm, will they cross the pond?
Alternative business structures (ABS) have been making legal news headlines
in Canada all year.
More than three years after the Solicitors Regulation Authority started handing out the
alternative business structure licences ushered
in by the Legal Services Act, the UK is finally set to see a law firm flotation.
Technology, the glut of new lawyers, structural changes
in BigLaw,
alternative business structures, the growth of intelligent forms — all are leaving a lasting impression on the practice of law.
As an exception to the universally accepted view that law society committees are «all form and no substance»
in regard to the «unaffordable legal services problem» («the problem»), there is one Law Society of Upper Canada (LSUC) committee that has produced a Discussion Paper that has great substance, although some ingrates are so inconsiderate as to say that it's not «the right stuff»; see:
Alternative Business Structures and the Legal Profession
in Ontario: A Discussion Paper.
It was interesting to read
in the legal press that the outsourcing giant Carillion «could become an
alternative business structure» as part of plans to increase its legal services profile.
Broadly these are legal disciplinary practices (LDPs) which are expected to start
in the spring of 2009 and
alternative business structures (ABSs) which will not be with us until 2011 or 2012.
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.
KPMG has been awarded an
alternative business structure (ABS) licence by the Solicitors» Regulation Authority (SRA)
in a major landmark for the accounting firms as it continues its push into the legal market.
KPMG has been awarded an
alternative business structure (ABS) licence by the Solicitors» Regulation Authority (SRA), as the big four accounting firms continue their push for expansion
in the legal market.