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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

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