Alternative Business Structures

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf legal structure
gptkbp:allows external investment
non-lawyer ownership
gptkbp:alsoKnownAs ABS
gptkbp:contrastsWith traditional law firms
gptkbp:feature alternative ownership models
multidisciplinary practices
gptkbp:firstLicensed 2012
https://www.w3.org/2000/01/rdf-schema#label Alternative Business Structures
gptkbp:impact market innovation
new legal service providers
gptkbp:introducedIn England and Wales
gptkbp:mayInclude corporate owners
non-lawyer managers
gptkbp:permittedIn gptkb:Legal_Services_Act_2007
gptkbp:purpose increase competition
improve access to legal services
gptkbp:regulates gptkb:Solicitors_Regulation_Authority
gptkb:Council_for_Licensed_Conveyancers
gptkbp:subject regulatory approval
gptkbp:usedIn legal services industry
gptkbp:bfsParent gptkb:Legal_Services_Act_2007
gptkbp:bfsLayer 7