Irwin Mitchell has become the largest UK law firm to date to receive its alternative business structure (ABS) licence from the Solicitors Regulation Authority (SRA), with the regulator today (20 August) confirming that it had approved the firm’s conversion.
The top 20 UK firm has also become the first to have multiple licences approved, with five different entities within the Irwin Mitchell Group gaining ABS licences, which allow non-lawyers to own stakes in law firms and the possibility of external investment.
