ABS Law Firms: Emerging Models

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Long title: 
Alternative Business Structure Law Firms: Emerging Models
Author(s): 
McMorrow, Judith
Author(s)' contact information: 
Boston College of Law, USA
Conference title: 
International Legal Ethics Conference VI
Conference location: 
City University London
Country: 
USA
Year: 
2014

In 2012, the UK Solicitor’s Regulatory Authority (SRA) began authorizing Alternative Business Structure (ABS) law firms, which allows non-lawyer partners and investors. Over 200 ABS firms have now been authorized by the SRA, providing an increasing number of creative financing and business models. This paper will explore both the early trends in ABS firms and offer several case studies. The ABS firms will be examined with an eye toward the impact new models might have on lawyer performance, both in terms of independent judgment and efficient provision of quality legal services. [NOTE: If other presenters are exploring ABS firms, I can tailor this to a single theme or model.]

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