Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

The SRA has licensed the first three alternative business structures (ABS)

The SRA issued its first 3 ABS licences today. As widely expected, the Co-op was one of these.  An ABS is a business providing regulated reserved legal activities but which has either, or both, non-lawyer owners and managers.  This is a break from the traditional structure for a law firm which had to be owned and managed solely by lawyers.

For further information, click here for the SRA press release

Related Expertise

Professional Practices

Related in brief posts

We (still) need to talk about the office

The Professional Practices Alliance hosted an interactive discussion on the future of working arrangements and professional firm space chaired by Corinne Staves, with panelists Oliver Richards, Beth Hale and Rob Millard.

Times Best Law Firms 2021

Maurice Turnor Gardner has been included in the Times 2021 list of the best lawyers for business, public and private-client law of the top 200 legal practices in England and Wales.

The Professional Practices team maintains its high ranking in the 2021 Legal 500 Directory.

The Professional Practices team maintains its Tier 1 ranking in the 2021 Legal 500 for Partnerships.