This, the third in a series of videos in which law students put questions to Berwin Leighton Paisner managing partner Neville Eisenberg, looks at the impact
of alternative business structures on the legal market, and the ways in which big law firms are developing innovative ways of delivering value to their clients.
She is at work on a book - length look at the effect
of alternative business structures on legal practice in the U.K., Australia and the U.S., to be released by ABA Publishing.
Not exact matches
Blake counsels asset managers and broker - dealers
on all aspects
of the development and distribution
of alternative investment products, including registered investment companies,
business development companies, and other permanent or long - term capital
structures, as well as hedge funds and private equity funds.
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).
, at: https://ssrn.com/abstract=2811627; (2) «
Alternative Business Structures» «Charity Step» to Ending the General Practitioner» (SSRN, pdf), at: https://ssrn.com/abstract=3020489; and, (3) my forthcoming post
on Slaw for Tuesday, October 3rd, «' Apps» and the Waning
of the Solicitor - Client Relationship.»
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.
Memo to the Law Society
of Upper Canada's Working Group
on Alternative Business Structures.
«ABA Commission
on the Future
of Legal Services —
Alternative Business Structures.»
Gehl, Nicholas E. Letter to the Law Society
of Upper Canada's Working Group
on Alternative Business Structures.
[19] Women's Paralegal Association
of Ontario, Letter to the Law Society
of Upper Canada's Working Group
on Alternative Business Structures, January 30, 2015, 2 - 3, http://www.lsuc.
on.ca/uploadedFiles/Womens%20Paralegal%20Association%20
of%20Ontario.pdf.
«New York State Bar Association's Comments
on the ABA Commission
on the Future
of Legal Services» Issues Papers
on Legal Checkups, Unregulated LSP Entities and
Alternative Business Structures.»
Letter to the Law Society
of Upper Canada's Working Group
on Alternative Business Structures.
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.
A noteworthy aspect
of the Canadian debate
on whether to introduce
alternative business structures into the legal services sector is the emphasis being given to the potential
of ABS to improve access to justice.
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.»
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.
This, the third in a series
of videos in which law students put questions to Berwin Leighton Paisner managing partner Neville Eisenberg, looks at the impact
of alternative business structures and the return
of the big accounting firms to law
on the legal market
of the future.
Looking at current initiatives like the Nova Scotia's Barristers» Society's Transforming Regulation consultation and the work
of the Law Society
of Upper Canada's Working Group
on Alternative Business structures, it is apparent that right now there is significant «big picture» thinking going
on at Canadian law societies about how to innovate and modernize lawyer regulation.
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 ``.
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.
As is apparent from the OTLA, and the many comments
on my previous post, the upcoming Bencher elections in Ontario finally have an issue that has grabbed the attention
of lawyers across the province:
Alternative Business Structures.
And it is done
on terms not materially different from those
of «
alternative business structures» in the UK and Australia.
Last year, the University
of St. Mary's School
of Law selected Jayne Reardon, Executive Director
of the Illinois Supreme Court Commission
on Professionalism, to write a piece about the possibility
of lawyers practicing in an
alternative business structure (ABS) for the school's law review.
Scotland, for example, allows up to 49 % non-lawyer ownership in order to maintain lawyer control, and British Columbia's 2011 report
on Alternative Business Structures spoke approvingly
of this middle way.
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.
Keen students
of the changing legal services market will recall that we launched
on the very day that
alternative business structures (ABSs) were introduced under the Legal Services Act.
On 6 April 2011, the Solicitors Regulation Authority (SRA) published its new Handbook, six months ahead
of what it fanfares will, from next October, be «the advent
of a new type
of law firm,
alternative business structures, and a radically new approach by the SRA to its work».
Especially if you insist
on repeating the same argument about evils
of alternative business structures and legal advice services that will destroy the profession ad nauseam.
There has been a lot
of debate over what adverse effects
alternative business structures and ownership models will have
on the core values
of the legal profession, including lawyer independence, client confidentiality, and the duties owed by lawyers to a client — particularly the duty to avoid conflicts
of interest.
You say that allowing for
alternative business structures would lead to «anti-competitive consolidations, loss
of very hard - won independence
of the legal profession as lawyers become the puppets
of outside profit seekers, an irreversible compromising
of legal ethics, and so
on».
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.
But, as revealed by the Initiative's consultations, Canadian lawyers are divided
on the current state
of legal market as well as the benefits
of Alternative Business Structures («ABS»):
The judgment has refocused attention
on the application
of LPP to partnerships between lawyers and accountants which may emerge once provisions allowing legal services to be offered through «
alternative business structures» (or ABSs) under the Legal Services Act 2007 come into force, as anticipated for late 2011.
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».
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.»
Prior to the election, the Ontario Trial Lawyers» Association published
on its web site a list
of benchers who opposed the introduction
of alternative business structures, urging its members to vote for those candidates opposed to ABS.
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.
It's the jump - off point for a series
of research papers
on the future
of the profession and looks at three key areas: education; innovation and
alternative business structures; and ethics and regulatory issues.
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.
An illustration
of how quickly organisations and entrepreneurs have capitalised
on the deregulation
of the legal industry is the rise in
alternative business structures (ABSs).
The Law Society
of Upper Canada will continue to dither
on Alternative Business Structures and will make no decision
on this creature in 2015;
On behalf
of the more than 9,000 members and 6,000 firms represented by the Association
of Legal Administrators (ALA), we believe the benefits
of alternative business structures as described in the issues paper outweigh any potential risks.
Standard & Poor's, New York • NY 1998 — 2004 Director
of Business Development Performed dual roles of business development and product management oversight in a developing investment advisory business focused on expanding global sales pipeline for alternative investment products, quantitative analytics, asset allocation and intellectual property licensing for structured derivative p
Business Development Performed dual roles
of business development and product management oversight in a developing investment advisory business focused on expanding global sales pipeline for alternative investment products, quantitative analytics, asset allocation and intellectual property licensing for structured derivative p
business development and product management oversight in a developing investment advisory
business focused on expanding global sales pipeline for alternative investment products, quantitative analytics, asset allocation and intellectual property licensing for structured derivative p
business focused
on expanding global sales pipeline for
alternative investment products, quantitative analytics, asset allocation and intellectual property licensing for
structured derivative products.