Two niche firms specialising in will-writing and property respectively have become the latest two organisations to be accepted as alternative business structures (ABSs). Parchment Group, based in Buckinghamshire, and three-partner firm Plainlaw, based in Oxfordshire, had their applications confirmed this week by the Solicitors Regulation Authority (SRA). The granted licences bring to seven the number of ABSs regulated by the SRA, with around 100 more at stage two of the application process. Parchment was a founder member of the Institute of Professional Willwriters and is the first non-solicitor firm to be granted the ABS licence by the SRA. Plainlaw, which specialises in property, housing and construction law, has an associated ‘corporate member’, Plainlaw.biz Ltd. Under the conditions of the licence, the sole purpose of Plainlaw.biz is to hold an interest in the licensed body and it cannot be held out as providing any type of legal service. Head of legal practice Philip Horn must be paid any profit share directly and not through Plainlaw.biz. Horn said the ABS licence ‘gives us additional flexibility in terms of structuring our business going forward. Our interest in the concept of ABS is driven more by the potential it offers us for the future, than by our current circumstances (where we not intending any immediate change). ‘Our focus will remain on providing a City of London-style real estate service but at provincial fee rates. We have developed a niche in providing an on-demand real estate support service to other leading law firms, many of whom will themselves be considering the benefits of converting to ABS status.’ Parchment, founded in 1989, has since branched out from will-writing to include lasting powers of attorney, probate and inheritance tax planning.
Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE. Related TopicsMichigan StateOhio State Matt Loede It was not a pretty day for the Buckeyes in Easy Lansing, as Michigan State beat up Ohio State 91-76, dropping the Buckeyes Men’s team to 19-12 overall on the season, 11-7 in the Big Ten.The Spartans seem to be catching fire at the right time, they are 26-5 overall and 13-5 in Big Ten play, and have won 10 of their last 11 games, good enough for the number two seed in the upcoming conference tournament.Ohio State had no answer for Denzel Valentine, who put in 27 points and also had a career high 13 assists in the win. Junior forward Marc Loving led the Buckeyes with 21 points in the loss, eight points over his season average. Michigan State was lights out from the field, shooting 66 percent in the win (34-for-51).JaQuan Lyle had 18 points and Kam Williams added 15 in the setback for Ohio State, who has played better, winning five of their last seven, with both losses against Michigan State.When asked if the Buckeyes have to win four games in Indianapolis to get in the NCAA tournament, Buckeyes coach Thad Matta was simple in his reply.“I haven’t thought that far ahead,” he said.