News that PI firm NewLaw of Cardiff and Glasgow has been granted an ABS licence by the SRA. It is the first legal disciplinary practice so authorised.
Apart from not being Tesco, what is interesting is that the firm was formed in 2004 with this pretty well in mind. This gives them an advantage of not having to change from a traditional partnership approach, and the attitude “we have always done it this way”. And with 250 staff (57 solicitors) across 2 offices, they are already doing quite well.
What joint ventures do they have up their sleeves? We will have to wait to find out.
The Lawyer report here.