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 and disbursements for initial assessment and planning meeting. The above is the fixed fee payable in advance cost option. 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.