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The only practical way for a law firm to operate with a non-lawyer involved as a manager, owner or investor is to become an alternative business structure (ABS). Armstrong Watson has supported a number of firms with their application to become licensed as an ABS and we currently act for seven separate ABSs on an ongoing basis.
We will help you to understand the process involved in the ABS application, and whether you should decide to proceed. We’ll manage the process from end-to-end, ensuring a smooth and seamless application.
We will provide fixed fees for each stage of the application process in advance which will be dependent on the level and scope of our required input.
A managed service to apply to become licensed as an ABS.
Law firms interested in introducing non-lawyer involvement into their practice, or non-lawyers interested in the opportunities offered by the legal sector market.
Attend two hour meeting to plan the ABS application. Provide regular updates, information and draft plans. Action points from initial meeting.
Your law firm becoming licensed as an ABS.
£875 plus VAT for initial assessment and planning meeting. Additional fees to be agreed following the initial meeting in advance of services provided.
Six months on average, but could be longer or shorter depending on the complexities involved.
To find out more about how we can help you or your business, contact one of our Legal Sector Specialists above.
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW