The Benefits of Alternative Business Structures
Alternative Business Structures open up new, exciting and, potentially, lucrative avenues for both legal and non-legal professionals alike.
For lawyers, Alternative Business Structures are a way of extending their services to an audience who they might not have been able to reach previously.
For non-lawyers, Alternative Business Structures present a whole host of opportunities; the expansion of their business services, and thus the potential increase of revenue the most obvious.
Alternative Business Structures will be 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 the customer journey
- Align related services
- Improve access to funding
- Separate ownership and leadership
- Provide clients with holistic professional services
Download the MOJ fact sheet for details of further benefits to Alternative Business Structures >
"...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 |
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"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 |