Not exact matches
With the United Nations celebrating 2012 as the International Year
of Cooperatives, we also looked into which MBA programs champion cooperative
business management as an
alternative to a more traditional
business structure.
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The Group's expansion plans included the provision
of legal services through an
Alternative Business Structure (ABS)
with the advent
of the Legal Services Act rather than having to outsource such activities.
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.
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).
Sharon Nelson: Well, David, I know some
of our listeners won't have a lot
of familiarity
with Alternative Business Structures or ABS as that term applies to law firms.
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 BSB is not yet proposing to authorise
Alternative Business Structures (ABSs)-- entities
with non-lawyer owners and managers — but will in 2015 apply separately to the Legal Services Board to become a licensing authority
of ABSs.
For Higgins, an elocution teacher who traded in British class prejudice by offering to improve clients» social standing through posh talk, the education
of a woman was essentially a troublesome
Alternative Business Structure (ABS)-- he could work
with the moving parts but the brain remained a mystery....
Reed Smith is considering converting its London office to an
alternative business structure (ABS) as the firm eyes up the possibility
of joint ventures and profit - sharing arrangements
with non-lawyer
businesses.
And that fascination developed into an in - depth analysis
of alternative business structures and two very American
businesses — Jacoby & Meyers and LegalZoom — that are trying their hands at ABS
with plans to use what they learn both internationally and (when they can) back in the U.S.A..
This might sound spooky or even scary to many Canadian lawyers but could become a reality in England and Wales
with the launch
of Alternative Business Structures (ABS) under the UK Legal Services Act.
Irwin Mitchell LLP paid # 5.8 m
of its profits into Irwin Mitchell Holdings, the company it set up as part
of plans to restructure as an
Alternative Business Structure (ABS), according to limited liability (LLP) accounts recently filed
with Companies House.
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.
Many agreed
with the Ontario Trial Lawyers Association, which said the role
of alternative business structures in fostering innovation is «overstated.»
As we're on the topic
of alternative business structures (ABS) in the legal profession, I'm just curious as to whether there is any speculation
with regard to the new ``.
But, while ignoring this problem, which afflicts the majority
of the population, the
alternative business structures proposals (ABS proposals) are being very much «fast - tracked» by LSUC to a law society decision —
with comparative lightning speed to serve the interests
of commercial investors.
Flick is not the only attorney
with concerns, other attorneys have voiced their concern
of the interest in
alternative business structures.
Towards the end
of last year, national spinal injury charity, Aspire, entered into an
Alternative Business Structure with legal firm, Moore Blatch, to create a Social Enterprise Model called Aspire Law.
It will also move forward contemporaneously
with its study and analysis
of developments relating to
alternative business structures.»
At the same time, the Working Group would «also move forward contemporaneously
with its study and analysis
of developments relating to
alternative business structures.»
With over twenty - five years of experience representing businesses and investors from a variety of industries, Mr. Peffer is able to efficiently analyze complex transactions and present clients with alternative structures to provide tax efficient, pragmatic solutions to achieve the desired business res
With over twenty - five years
of experience representing
businesses and investors from a variety
of industries, Mr. Peffer is able to efficiently analyze complex transactions and present clients
with alternative structures to provide tax efficient, pragmatic solutions to achieve the desired business res
with alternative structures to provide tax efficient, pragmatic solutions to achieve the desired
business result.
More specifically, the Issues Paper describes that the group «Regulatory Opportunities» is charged
with studying existing regulatory innovations, such as
alternative business structures and the Canada Bar Association's Legal Futures Initiative Report, and then recommending «regulatory innovations that improve the delivery
of, and the public's access to, competent and affordable legal services.»
David Beech, CEO
of Knights discusses his professional services firm
with a successful
alternative business structure (ABS) in the U.K.
The ACTLA Board
of Directors has serious concerns regarding
Alternative Business Structures (ABS), Non-Lawyer Ownership
of law practices (NLO) and other changes being brought forward by the Law Society
of Alberta (LSA) including reducing the number
of benchers representing its growing membership as well as the lack
of full consultation
with the profession on these issues.
A widespread rejection
of the hourly rate billing model leaves many firms struggling to come up
with a viable
alternative and without the capability to re-engineer their
business model to support these new fee
structures.
The commentaries about the inequities and irrationality
of the legal class system at the 2017 CLOC Institute were fast and furious: from Richard Susskind's explanation about the importance
of the ABS rules (
alternative business structures) in the UK in breaking down walls to allow new ways for lawyers to collaborate and share accountability (and profits)
with professionals from other disciplines and professions within the same workplace, to the battle cry so clearly articulated by Lucy Bassli (then
of Microsoft and now
of InnoLegal Services), demanding that we remove the term «non-lawyer» from our daily conversations and certainly from our value playbooks.
Law providers, both existing and start - up, operating in the
alternative business structures landscape — and global legal market place for that matter — will require a different type
of approach to their
business: even more client - focused but
with a far lower cost - base to enable them to meet the challenges and exploit the opportunities that lie ahead.
With alternative business structures adding to the competitiveness
of the marketplace, this is becoming increasingly important for all practitioners.
This second offering deals
with the first practical opportunity for changing
businesses under LSA 2007, namely legal disciplinary practices (LDPs); the third will look at the ultimate in opening up
of the legal services market,
alternative business structures (ABSs).
As McCarthy Tetrault General Counsel Malcolm Mercer pointed out to me and members
of the Canadian Association for Legal Ethics on our listerv,» the approval
of nearly 50 ABSs [
Alternative Business Structures]... in England and Wales in 2012 (
with the counterpoints
of [the ABA's Ethics 2020 Commission] electing to do nothing on the issue in the US and New South Wales in Australia having permitted non-lawyer ownership
of ILPs [Incorporated Legal Practices] for the last decade without a «fitness to own» requirement) is important context and perhaps impetus for Canada».
With the debate on
alternative business structures heating up, a University
of Windsor Faculty
of Law professor has prepared a study — commissioned by the Ontario Trial Lawyers Association — that questions one
of the benefits touted by proponents: improved access to justice.
More than 40 %
of top UK law firms are considering joining
with non-solicitors»
businesses in an
alternative business structure (ABS) in the next two years,
with accountancy firms the
business of choice.
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.
Saga has applied to become an
alternative business structure as the company moves to broaden the range
of legal services it offers in partnership
with Parabis Group.