Top 25 UK firm converts to ABS

Kennedy's, the 166-partner firm based in the City of London, has become the second largest law firm to take on ABS (Alternative Business Structure) status.

City of London Alex Yeung

Ranking second after Irwin Mitchell, Kennedys says that it will have new occasions for growth and will also be able to give extra possibilities to its four non-solicitor partners. Senior partner Nick Thomas said: ‘Having an ABS licence will not change the day-to-day running of the business and we are not considering external investment in the law firm. It will help us operate as a modern legal services business, with greater flexibility to take advantage of future growth opportunities.’ Source: Legal Futures

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