Premier Property Lawyers has become the first alternative business structure in the U.K., thanks to the Legal Services Act, which aims to expand consumers' choice of legal services. That news came as Everyman Legal announced that it intends to become the first U.K. solicitors' practice to seek a stock market admission.
October 07, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Premier Property Lawyers has become the first alternative business structure (ABS) in the U.K. as outside investment in law firms brought about through the Legal Services Act (LSA) became possible from Oct. 6.
The Leicester-based firm, a wholly owned subsidiary of conveyancing services provider myhomemove, has been awarded its license by the Council for Licensed Conveyancers (CLC) — the only regulator approved to license ABSs to date.
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