Lseyrs have long considered them-selves a breed apart: highly educated professionals, not dim-witted businessmen who think a "whereas" is a man who turns into a small member of the horse family when the moon is full. Many countries bar business types from owning even a bit (much less all) of a law firm. But in Britain, that law changed in October. Companies are queuing up to form new "alternative business structures" (abs). The Solicitors Regulation Authority, the biggest legal regulator, has received at least 65 applications. The first abss should be approved in February.
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