The Solicitors Regulation Authority (SRA) has released new information on the application process to become an Alternative Business Structure (ABS) as the regulator began accepting licence applications today (3 January).

The Co-operative and Irwin Mitchell have confirmed that they are among the first applicants, while the SRA has said that it is in serious talks with a total of around 15 interested parties, with more than ten first-stage applications made via the regulator’s website so far today.