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Visit GWLiveThe Benefits of ABS
Alternative Business Structures open up new, exciting and, potentially, lucrative avenues for both legal and non-legal professionals alike.
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For lawyers
Alternative Business Structures are a way of extending their services to an audience they might not have been able to reach previously.
For non-lawyers
Alternative Business Structures present a whole host of opportunities including the expansion of their business services and therefore offering a potential increase in revenue.
Alternative Business Structures are attractive to intermediary organisations because they:
- Open up the market to new management structures
- Allow for innovative delivery methods
- Widen consumer choice and increase access to legal services
- Give them more control
- Provide a new source of revenue
- Promote and enhance their brand
- Improve their customer journey
- Align related services
- Improve access to funding
- Separate ownership and leadership
- Provide clients with holistic professional services.
| "...an Alternative Business Structure seemed a logical solution to address [our needs] as all parties would share in the economic benefits of an improved service offer and the IPR of the idea would be owned by the ABS" Mark Hewitson Relationship Management Specialist |
"These reforms provide new opportunities for doing things differently, and better - not only in the client interests, but also in your own interests" Professor Stephen Mayson Director of The Legal Services Institute |
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