Law In Business: Outside influence
The introduction of the Legal Services Bill is expected to encourage substantial external investor interest in law firms. Colin Ives looks at the potential implications of using external capital to grow your firm
The draft Legal Services Bill is set to pave the way for law firms to adopt alternative business structures (ABSs) which, for some firms at least, is likely to lead to interest from external stake-holders. Accordingly, while some firms may look to grow their business by seeking an admission to the Alternative Investment Market or even the senior exchange, others may look to raise funds via external investors.
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