Alternative Business Structures and the future of the UK legal profession
Stay in control
Deregulation is set to alter the UK legal sector beyond recognition. There has been significant debate surrounding the advent of Alternative Business Structures (ABS) and as the number of applications to the SRA steadily grows, our team of legal sector experts held a session for law firm leaders on what this will really mean for firms over the next few years:
- The investor environment: requirements and process
- Three dimensions of change: service model, operating model and resource model
- Pitfalls to avoid when devising a new partner reward model to accommodate share-based ownership
- Opportunities for improving partner performance and retention through the use of share plans
- Necessary changes to both management and culture to accommodate the expectations of external investors
- Longer term predictions on opportunities for volume-based businesses as well as broader based UK law firms.
Our legal sector experts discuss the wide-ranging implications of ABS
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For more detailed information on Alternative Business Structures, to obtain the presentation materials, or to discuss how Deloitte could help you prepare for and manage your own application, please contact the Professional Services team
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Key contacts
Byron Griffin
Partner
Corporate Finance
(Advisory)
Carol MacKinnon
Partner
Corporate Finance
(Transaction Services)
Alison Bond
Partner
Tax
Jeremy Black
Partner
Audit
Find out more
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