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Editor's blog | The debatable value of disruption

Private equity’s interest in ‘disruptive’ models doesn’t mean the end of the road for law firms

3 July 2012

Just when law firms are beginning to show interest in converting into alternative business structures comes the cold response from private equity that investors have lost their appetite for the legal services sector.

Little has happened since the initial bangs on the ABS scene. As predicted in Solicitors Journal last year the Co-op and a small firm – plus a sole practitioner – were first off the ABS starting blocks. They were followed by a few others to take the number of SRA-regulated ABSs to eight, but the 130 or so organisations at stage two of the application process appear to be stuck in the pipeline.

The report published last week by legal research company Jures...

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