Monthly Archives: April 2011

ABS Update – Who's doing what already?

With just over 6 months to go until the anticipated onset of Alternative Business Structures (ABS) on 6th October 2011, here’s a quick look at some of what’s happening in the legal marketplace.

  • Optima Legal Services have been unravelling their relationship with Capita following the SRA’s intervention, with Capita’s share option being terminated, and Optima’s agreement to pay back the £35m loan it received from Capita.
  • Co-operative Legal Services (part of the Co-operative Group) plan to apply for an ABS licence at the earliest opportunity, possibly as soon as August.
  • Vamco (the repair management and credit hire specialist) is planning to take over a branch of Nesbit Law Group (under the name Kingsley Law).
  • DAS (the Legal Expenses Insurer) intends to purchase Bristol law firm CW Law once permitted.
  • ABStract Legal Holdings has brought within its group Accident Advice Helpline (the Claims Management Company), Sentinel Alliance (the Legal Process Outsourcer) and e-settle (the Fast-track Claims System).
  • Judicata (the Legal Process Outsourcer) has been working with Premex (the medical reporting company).
  • Berwin Leighton Paisner’s Managed Legal Services will provide employment law advice across Colt’s (the Information Delivery Platform’s) European businesses.
  • AA and SAGA (the insurance companies owned by the same Private Equity firm) have tied up with Cogent Law (part of the Parabis Group) to offer on-line document assembly services, with the creation of Saga Legal Services.

To find out more, or how your firm may benefit from ABS, contact Ben Holmes, Managing Director at Invest In Law Ltd – www.investinlaw.com – at info@investinlaw.com