Legal News

ABSs ‘not attractive’ to City firms, new research suggests
Fri 23rd Sep 11 - 16:25

A study commissioned by the Legal Services Board shows that City law firms are too reluctant to give up control for them to embrace the funding sources that have become available under the ABS rules.

The study, carried out by Charles Rivers Associates, says, “[City firms do not] see huge demand for providing a wider range of services beyond the experts that they are currently able to bring in-house anyway.”

It adds that having non-lawyer partners would create complications for international firms working in jurisdictions where ABS are not permitted.

http://www.lawgazette.co.uk/news/abss-not-attractive-city-firms-new-research-suggests