BT latest to plan legal service as claims business applies for Tesco law licence
TELECOMS giant BT is muscling in on the legal sector after confirming yesterday that its claims management division has applied to become an alternative business structure under the so-called Tesco law.
Wholly-owned subsidiary BT Claims currently just handles claims related to its parent group’s corporate vehicles, but if a licence is granted plans to roll the service out to other companies running a business fleet.
“We can confirm that BT Claims has submitted an application to begin the ABS process,” the company said yesterday. The Solicitors Regulatory Authority, which would grant the licence, does not comment on ongoing applications.
BT is the latest non-law firm company to turn its focus to the legal sector, following the liberalisation of the licensing rules at the beginning of this year.
Though no licences have yet been awarded, the SRA received more than 100 applications in the first month of the new system.