The firm claims to be the first multidisciplinary practice to pick up an ABS licence, in contrast to PwC which gained an ABS for its affiliated legal business, although it is not the first multidisciplinary business to go down the ABS route.
But an ABS can just be the beginning of change. Parabis is also an ABS and operates several service lines, some of which are non-legal. Having made several acquisitions over time, the firm is currently in the process of streamlining its structure in a bid to create order out of an increasingly chaotic variety of brands.
Having started to consolidate its multi-site offices and invested heavily in standardising its IT systems, the firm announced today that it would shut its offices in Bristol and Colchester, affecting 41 staff in both legal and support roles.
KPMG’s licence and Parabis’s restructuring are just the latest in a string of ABS news in recent weeks – check it all out on our dedicated ABS news page.
Also on TheLawyer.com:
- A former Pannone partner has brought a discrimination claim against the firm which affects several Slater & Gordon lawyers
- Antonio Garrigues has stepped down from the firm his father founded after sixty years
- The legal head of the Nuclear Decommissioning Authority has been promoted to executive ahead of panel review