Alternative business structure requests hit 100
The Solicitors Regulation Authority (SRA) has received nearly 100 requests from firms interested in converting to an alternative business structure. Applications opened last month. The process is in two stages—the second stage is bespoke and highly detailed.
Antony Townsend, SRA chief executive, says: “I was on record at the end of last year as saying that we expected much lower numbers of applications. However, we'll have to wait and see if the numbers of Stage 1 applications we receive is consistent with the number of actual ABS we eventually regulate.”
