Local authorities to use ABS structures in bid to cut costs?

When lawyers think of the potential of ABS structures, it probably isn’t local authorities that spring to mind as amongst those most likely to seize the opportunities that they present. However, according to The Lawyer, South London boroughs Lambeth and Southwark are considering setting up an ABS vehicle in order to cut their legal costs, which currently amount to £8 million and £12 million respectively.

The two London authorities already co-operate together and share legal costs in a number of areas.