This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Print page

Alternative Business Structures and the future of the UK legal profession

Stay in control

Alternative Business StructuresDeregulation 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

You must install Adobe Flash Player 10 or higher to view this video

Find out more

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

Useful links

  • Meet the team
  • In the news
  • Submit a request for proposal
  • Contact us

Key contacts

Byron GriffinByron Griffin
Partner
Corporate Finance
(Advisory)

Carol MacKinnonCarol MacKinnon
Partner
Corporate Finance
(Transaction Services)

Alison BondAlison Bond
Partner
Tax
 

Jeremy BlackJeremy Black
Partner
Audit
 

Find out more

Beware the stealth ABS revolution Beware the stealth ABS revolution
Alison Bond discusses the impact of ABS, one year on.
Be prepared: Ready for transformation in legal services Be prepared: Ready for transformation in legal services
How to navigate the unprecedented pace of change in legal services.


Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options
Follow:

Get in touch

More on Deloitte