Express Solicitors granted ABS status
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EXPRESS Solicitors, the Manchester personal injury law firm, has converted to alternative business structure (ABS) status.
The firm was granted an ABS license from the Solicitors Regulation Authority (SRA) on 1 April 2014, which means it can now take on external investment and appoint non-legal staff to executive postitions.
Managing partner James Maxey said: “The ABS license will put us in a stronger position to continue moving forward in what is a difficult climate for the legal sector.
“It will allow us to bring qualified non-legal professionals into the fold to help us further improve the quality of our services and it also makes external investment a possibility in the future.”
Based on Palatine Road, Northenden, Express Solicitors has 148 employees including 13 partners and 47 fee earners.
Mr Maxey added: “We’ve had consistently strong growth in profitability over the years – last year reporting a 35% increase in fee income to £7.2m for the year end in 2013 – despite the changes in law that actually make it harder for personal injury law firms to succeed
“We believe operating as an ABS will keep us on the right track.”