New business models are becoming a reality for UK law firms


While external ownership is headline-grabbing, it is only one example of evolving business models for legal services businesses being used in the UK; which is clearly playing the role of the global legal industry’s “laboratory” today.


There have been 500 expressions of interest in ABS applications, which Edge International anticipates will yield several hundred actual applications when initial submission are accepted next month.  We expect to see several forms of ABS emerge in the first wave of applications, including:

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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