Financial & Legal News

Insight – Pearson Hinchliffe achieves ABS status

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Pearson Hinchliffe LLP has this week been approved to operate as an alternative business structure (ABS) with the licence granted by the Solicitors Regulation Authority to be effective from 1 April 2013, one of the first firms in the region to be granted this status.

The eight partner led firm has a strong high street practice in the town centre offering family work, wills and probate, conveyancing, personal injury and financial services, as well as a growing commercial team based in North Manchester and a very busy clinical negligence practice run from both the Oldham and Ashton offices.

Commenting on the recent approval, Practice Manager, Joanne Ormston, said:  “These are exciting times for our firm and an ABS is a natural progression for our business.

“We already have excellent client care standards in place, but this allows us to become even more business focused and face the challenges and opportunities ahead of us in an ever changing legal landscape.”

As a full-service law and financial services firm Pearson Hinchliffe has been based in Oldham for almost 150 years.  Five years ago it expanded its commercial team who are now based on the M60 corridor and attract business clients from a wide variety of industries, from sole traders and family firms, to multi-million pound concerns.

Partner, Daniel Prince, added:  “Client care is extremely important to us and is the basis of our already excellent business.  Moving forward ABS status gives us the ability to attract bolt-on services allowing us to expand our offering, in essence becoming a one-stop-shop for all professional services.”

“It also allows for non-lawyer owners to share in the business and can attract external investment to enhance our future progress and development, which will always be based on the needs of our clients” he commented.

This story was also mentioned by the Law Gazette

Please note that the information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by Pearson Solicitors and Financial Advisers Ltd or any of its members or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

This blog was posted some time ago and its contents may now be out of date. For the latest legal position relating to these issues, get in touch with the author - or make an enquiry now.

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