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Tag: Abs Law Firm
Setting up as an ABS allows a firm to have non-lawyers in its ownership and management structure. This can bring in key people with valuable experience and skills. The non-lawyer can be involved through investment or as a partner or director.
An ABS arrangement can work well where:
- an established lawyer-owned firm wants to take on a non-lawyer partner
- an established law firm wants its non-lawyer practice manager to become a co-owner
- a non-legal business sees legal services as complementary and sets up a standalone business
We welcome applications from prospective firms whose:
- legal services are connected to the firm’s core business
- legal services are ringfenced in a separate company
- head of legal practice is a manager or owner
For more information please contact Giles Probert on 01234 845 759 or at giles.probert@cilexregulation.org.uk
Or read more about our basic principles for applicant firms
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