Denies speculation of third-party investmentFollowing the finalisation of its merger in June, Ashurst Perkins Coie has confirmed it will operate as an alternative business structure (ABS) but denies suggestions that the move is to enable third-party investment. They gave law firms more flexible ownership and investment options, which have been traditionally unavailable to a conventional partnership or LLP. Ashurst Perkins Coie has however denied that their move to adopt this ownership model has anything to do with raising capital from third-party investment, telling Legal Cheek that the decision was made for “structural reasons”. According to the firm, the ABS is being used in order to provide a regulatory structure under which to operate globally and to enable the global financial integration of Ashurst Perkins Coie from the beginning of 2027. Namely, it would allow Ashurst Perkins Coie Global LLP to become a member of Ashurst Perkins Coie UK LLP.