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Alternative business structures (ABS)

Setting up as an ABS allows a firm to have non-lawyers in its ownership and management structure. This can bring in key people with valuable experience and skills. The non-lawyer can be involved through investment or as a partner or director.

 

An ABS arrangement can work well where:

 

  • an established lawyer-owned firm wants to take on a non-lawyer partner
  • an established law firm wants its non-lawyer practice manager to become a co-owner
  • a non-legal business sees legal services as complementary and sets up a standalone business

 

We welcome applications from prospective firms whose:

 

  • legal services are connected to the firm’s core business
  • legal services are ringfenced in a separate company
  • head of legal practice is a manager or owner