ABS applications take longer than expected

July, 30 2014

Alternative business structures have taken longer to set up as well as eating up more resources with non-law firms having the worst experience.

ABSs take more time to set up than expected Andrey_Popov

Applying to become an alternative business structure took longer and demanded more resource than expected, according to research from law firm consultancy isential. In a study of 43 ABSs licensed by the SRA between 2012 and 2014, 89 per cent said they would change their application approach differently. Over half the applications took six months more than originally envisaged. Source: Legal Futures

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ABS applications take longer than expected

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