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.
Not exact matches
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 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.
The next mistake that I fear the Law Society will
make is the adoption
of Alternative Business Structures (ABS) which will allow venture capitalists and companies like Wal - Mart (seriously) to own up to 49 %
of a law firm.
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.»
«We really see
alternative business structures as an access to justice tool and something that can help us
make legal services available to a wider variety
of people from a wider variety
of backgrounds,» says Gilani.
It seems that every month a new
Alternative Business Structure (ABS) is announced, all
of whom are dedicated to
making legal services more accessible than ever before.
Andy Daws, Riverview's vice-president North America, says the 2007 Legal Services Act, which was designed to promote competition, innovation and the public and consumer interest, has
made the U.K. «the world's legal laboratory right now,» where experiments in ownership
structure, service delivery, and
alternative business models are being carried out, with varying degrees
of success.
He was the keynote speaker in 2012 at the Federation
of Law Societies
of Canada on
Alternative Business Structures, and subsequently
made presentations on ABS to Benchers at Law Society
of British Columbia and Barreau du Québec, and three times to Benchers
of Law Society
of Upper Canada.
These firms are
making alternate fee arrangements,
alternative business structures, legal process outsourcing, off - shoring — and many more
of the buzzwords
of the legal futures literature — work for them.
Actually, under that
alternative business structure, one
of the big themes kept coming back to you was the idea that you need outside capital to
make something like this work.
For example, LSUC ignores the problem and its duties as set out in s. 4.2
of the (Ontario) Law Society Act, while «fast - tracking» the
Alternative Business Structures issue (ABS issue) to the quick creation
of: (1) an ABS Committee (2) a (biased) ABS Discussion Paper written by the Committee; (3) the online publication
of the responses thus obtained; (4) the online publication
of a summary
of those responses — all done by the work
of those self - interested benchers who have campaigned hard to have ABSs
made legal; and (5) a proposed vote in 2016 to determine the law society's position as to
making ABSs legal.
The Law Society
of Upper Canada will continue to dither on
Alternative Business Structures and will
make no decision on this creature in 2015;
There is a lot
of money to be
made in
alternative business structures whether people believe it or not.