Alternative Business Structure (ABS) and New Firm Applications

Whether you are launching a new innovative service, or simply converting your existing firm to ABS status, we can get you a result in less time than you might think.

  • Unrivaled experience in setting up ABSs
  • Fully project managed from start to finish
  • Reduce the burden on your management team
  • Expert compliance and risk management advice

WHY CHOOSE US?

We have advised on around ten per cent of all SRA-regulated ABSs that have been licenced since 2012. Our vast experience means that we can quickly advise on your proposal and put together a solid SRA application.

The biggest compliment we receive is when an ABS client stays with us for our retainer compliance service (COLP-help). That would be most, then!

Find Out More?

Do you have any questions? Call 02920 660160 or enter your details below and we’ll call you back during office hours.



ABSs are a “new kind of law firm”, permissible under the Legal Services Act 2007 (LSA). It enables non-lawyers to own and manage law firms. This new flexibility opens up a world of opportunities for external investment and innovative business models.

ABSs are not just for the insurance companies and VC-funded disrupters. Businesses of all sizes – from high street practices to claims management companies – are making the decision to convert to ABS. Their motivations may vary, but the process is essentially the same for all applicants.

WHAT OUR CLIENTS SAY

  • I am more than happy to endorse your services to anyone. I found you to be very knowledgeable, capable and insightful. We wouldn’t have gone through this whole ABS process as smoothly without you.

    Chris Germaine Optimal Solicitors
  • Jon has been a pleasure to work with. He has successfully guided us through what could have been a complex application.

    RM Company Services Limited
  • Thanks for your help with our ABS application – we couldn’t have done it without you!

    Fisher Scoggins Waters LLP
  • Jon’s knowledge and expertise was clear from the beginning. Using JBLS for advice, support and guidance through the application process was definitely the right decision. I would confidently recommend Jon to any prospective firm.

    Pyments Law Limited
  • We recently went through the process of creating an ABS and I can honestly say using Jonathon made all of the difference. He dealt with the entire process which made it straightforward and almost pain free! I would certainly recommend investing in Jonathon if this is something you want to achieve.

    Lis Hughes Director at FTA Law
  • We engaged with Jon throughout our ABS application process and he provided invaluable assistance in reviewing documents and in liaising with the SRA. Following our successful ABS authorisation we have retained his services to assist in our risk management responsibilities and overall regulatory compliance.

    Stephen Harris Director at Tyndallwoods

LET US GUIDE YOU THROUGH

Whether you are a law firm looking to bring in non-lawyer owners, or a business entering the regulated legal services market for the first time, you will need to apply to the SRA for authorisation.

Applying for an ABS licence can be a time consuming and forensic process.  The SRA will thoroughly inspect your business plan, governance and corporate structure and will expect you to demonstrate how you will comply with all your regulatory obligations.

GET YOUR PROJECT MOVING

With unrivalled experience of the process, and practical compliance expertise, we can help by:

GETTING YOU ‘APPLICATION-READY’

From your business model to corporate governance and regulatory compliance systems, preparation is key to your application. We can help identify potential problem areas and put in place measures to manage those risks.

PROJECT MANAGING THE APPLICATION PROCESS

We will coordinate the project, liaising with you (and the regulator) regularly and ensuring that deadlines are met and momentum is sustained.

PUTTING IN PLACE COMPLIANCE SYSTEMS

We will recommend bespoke systems to enable your COLP and COFA to actively manage risks and discharge their duties to record and report compliance failures.

PREPARING THE NECESSARY DOCUMENTS

We can supply policies, procedures, template documents, and of course prepare the ABS application forms.

COST

We work on a fixed monthly fee. The cost of the service depends on the complexity of the application and the amount of work involved. SRA costs are not included in our fee. Contact us for a quote.

FORGING FUTURE RELATIONSHIPS

We want to continue helping you after your ABS licence has been granted. Our COLP-help service will assist your new Compliance Officers comply with their regulatory duties, freeing them up to add value to the business in other ways.

Contact us now to discuss how we can help you.

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