Weightmans looking at new partner promotions after being granted ABS license

Weightmans has been granted an alternative business structure (ABS) license by the Solicitors Regulation Authority.

With its new ABS license, the firm is able to promote non-lawyers to its partnership and seek investment from businesses outside of the legal sector. As reported by The Lawyer, Weightmans has already confirmed that one paralegal fee earner will be joining its partnership.

Weightmans’ managing partner, John Schorah, said that the possibility of seeking external investment had not yet been discussed, but confirmed that it was a possibility in the foreseeable future.

Get the LCN Weekly newsletter

Get our news, features, recruiter and lawyer interviews, burning questions, blog posts and more sent straight to your inbox with our weekly newsletter. You also get access to a free personal MyLCN account.

Sign up to LawCareers.Net to receive the LCN Weekly newsletter, diary updates, events, surveys and other emails providing information for future lawyers. Please note that we ask you to provide a password so that you can access MyLCN and edit your subscriber details, including email preferences.

 

Data Protection
To see how we use your data, please visit the Privacy Policy.

 

Terms
This subscription is subject to our Terms & Conditions.

Comment

Sign in to MyLCN to have your say.