Licensing applications will soon be accepted by the Solicitors Regulation Authority (SRA) for Alternative Business Structures (ABS), according to a recent announcement.
An Order which designates the SRA as an ABS licensing authority, laid before Parliament on Friday, will come into force on 23 December and enables the SRA to set the date on which they will begin to accept applications as 3 January.
Antony Townsend, Chief Executive, comments:
"We welcome the news that we will become an ABS licensing authority from 23 December. This is a milestone that we have been working towards for nearly two years. It means the public can have confidence that ABS providing reserved legal activities will be regulated according to the same rigorous professional standards as traditional law firms.”
The SRA expect to be able to announce the first successful applicants, subject to the complexity of applications, before the end of February 2012.
To apply or for further details you can visit the SRA’s website or you can email the ABSteam@sra.org.uk. Application forms are due to be published on the SRA website in the future.
Who will be the first ABS licensed by the SRA?
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