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.
Related in brief posts
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.
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 Tier 1 ranking in the 2021 Legal 500 for Partnerships.