The Legal Services Board (LSB) has outlined plans to impose financial penalties of up to £150m for licensing breaches by Alternative Business Structures (ABS). In a consultation launched in late December last year, the LSB recommended that the maximum financial penalty for ABS entities should be set at £150m and £50m for individuals.
January 05, 2011 at 10:34 AM
1 minute read
The original version of this story was published on Legalweek
The Legal Services Board (LSB) has outlined plans to impose financial penalties of up to £150m for licensing breaches by Alternative Business Structures (ABS).
In a consultation launched in late December last year, the LSB recommended that the maximum financial penalty for ABS entities should be set at £150m and £50m for individuals.
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