The number of law firms in the UK as a whole has remained stable at around 12,000 but the business model has changed rapidly since the entry into force of the Legal Service Act, recent research has found.

Almost half of UK law firms are now set up as corporate entities rather than partnerships, and in England and Wales alone, nearly 1,300 law firms operate as alternative business structures (ABS). 

The figures, detailed in IRN’s latest legal market report, match the Law Society’s own findings last year that partnersh...

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