A Yorkshire based firm is making plans for expansion after being approved as an alternative business structure (ABS).
Private Client firm, Pavillion Row, is one of 52 employer partners worldwide accredited as a Society of Trust & Estate Practitioner.
The firm, which provides services including wills, powers of attorney and estate administration has adopted the new structure which enables outsiders to take an equity stake. In turn, this could provide valuable opportunities for growth, especially on a long-term basis.
Commenting on the approval was Angus Houston. The Managing director of the firm also highlighted the firm’s attainment of a probate license, which had been granted by the Council for Licensed Conveyancers.
“Dealing with wills and probate are both areas where it is important to have knowledge, as well as sensitivity and the ability to work with people at a personal level. Our new status gives our customers even more protection through both the Legal Ombudsman and a compensation fund.
“We chose the CLC as we felt that we could form a strong working relationship with them and they seemed to take a broader view of alternative style firms than other regulators.”
