In this article, Nick Jarrett-Kerr examines the long delayed implementation of the ABS structure which is likely to be finally implemented in October 2011. He reviews the plans of some early movers towards ABS and considers the possible benefits to law firms, to external investors and to clients.
Nick Jarrett-Kerr is a specialist adviser to law firms worldwide on issues of strategy, governance and leadership development, as well as all important business issues facing law firms as they compete in difficult market conditions. He is a founder member of the Law Society's Law Management Section. Nick is Visiting Professor to Nottingham Trent University in the Nottingham Law School, College of Business, Law and Social Sciences and is the author of a book published by the Law Society Strategy for Law Firms – After the Legal Services Act.