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.
No comments:
Post a Comment