We've also heard the arguments that there is no evidence that
alternative business structures increase access to justice.
Not exact matches
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-state/
Some of the above examples of access to justice are those that are commonly predicted by advocates of
alternative structures:
business models that facilitate reduced and fixed price legal services and / or unbundling, technology that enables standardization and improved processes to handle large volumes of cases or contracts, branding that reduces the client's search costs and
increases their level of trust, multidisciplinary services that significantly ease the client experience notably because they do not need to assemble or coordinate different streams of work.
Within the Washington State Bar Association, some have argued that ABSs (
alternative business structures) will decrease the cost of legal services and thereby
increase access to justice.
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.
However, Susan Brown, director at law firm Prolegal, said: «Introducing a system which has no certainty of reducing costs and could equally well
increase them, will undoubtedly lead to satellite litigation, will make it more difficult for claimants to find an experienced personal lawyer to represent them, and is extremely dangerous at a time when the legal services industry is on the brink of the major upheaval that will result from the introduction of
alternative business structures.»
There is also no evidence that
alternative business structures won't
increase access to justice.
Alternative business structures already adopted overseas, including non-lawyer ownership, could migrate to Canada as markets grow closer together and competition
increases, the publication states.
Do
alternative business structures actually
increase access to justice when it comes to personal injury?