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
Do you have any questions? Call 02920 660160 or enter your details below and we’ll call you back during office hours.
We have advised on a significant percentage 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. We know precisely what the regulator is looking for in these applications.
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!
Our risk management consultants are often praised for their ability to balance professional duties and commercial reality. The last thing we want is to tie you up in unnecessary red tape. Where there is a compliance issue, we will work with you to find a solution – involving direct engagement with regulators if need be.
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 similar for all applicants.
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Let us guide you through your Alternative Business Structure application
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.
With unrivalled experience of the process, and practical compliance expertise, we can help by:
From your business model to corporate governance and regulatory compliance systems, preparation is key to your application. We help identify potential problem areas and put in place measures to manage those risks. We can help you identify the best people to bring in.
We will coordinate the project, liaising with you (and the regulator) regularly and ensuring that deadlines are met and momentum is sustained.
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.
We can supply policies, procedures, template documents, and of course prepare the ABS application forms.
How much does it cost?
Contact us for a quote
Forging future relationships
What our clients say
Jon’s advice and support has been very helpful in rationalising the requirements of COLP/COFA compliance. Putting in place the appropriate systems seemed a challenge on top of the day to day pressures of a busy legal practice, so we’re very grateful for the clarity and detailed knowledge that Jon brought to the process.
Jon’s support and practical guidance has given me peace of mind that our systems are compatible with the SRA’s Outcome Focused framework. I definitely recommend Jon and his company to any firm looking for cost effective legal support and advice.
Thank you so much for guiding my firm through the new rules, which with your expert input were not as daunting as I first envisaged...You have convinced me that the new regulations are to be embraced and not to be feared!!
Our meetings with Jon were refreshingly full of common sense and practical advice. It makes a big difference having a former solicitor with experience and understanding mentoring us rather than an administration consultant who has never had to juggle the pressure of constant phonecalls and client attendances!