Plexus Law’s parent company, Parabis Group, is set to become one of the first alternative business structures (ABSs) after confirming plans for an early conversion.

Parabis, which comprises the Plexus and Cogent Law insurance litigation firms as well as a number of separate non-legal arms, has been working with the Solicitors Regulation Authority (SRA) as part of a trial of the new ABS licensing process, ahead of this October’s implementation of the Legal Services Act (LSA).