Latest News

SRA under fire for policing of referral fee ban and insurer/law firm ABSs

Andrew Twambley

The Solicitors Regulation Authority came under fire this week for the way it is enforcing the referral fee ban, with its director of policy and strategy unable to tell solicitors how many investigations it has started since the ban came into force seven weeks ago.

May 23rd, 2013

Forget ABSs – AI, touchable holographs and telepresence robots “will transform the law”

Artificial intelligence - cyber digital head

Artificial intelligence will be in widespread use by tomorrow’s law businesses, serving clients who will be mobile users of “digital personal assistants” that use holographic displays and respond to the thoughts of their owners, according to futurologists.

May 23rd, 2013

Slater & Gordon chief urges firms to adopt employee ownership plans

Future for Lawyers conference at RBS

Employee ownership of law firms is an opportunity to get the best young lawyers into early equity and minimise risk, according to Neil Kinsella, Slater & Gordon UK’s chief executive, as he outlined how the sector could respond to the changing legal landscape.

May 23rd, 2013

Exclusive: well-known PI firm unveils new post-LASPO ABS model

True logo

Well-known personal injury law firm Gorman Hamilton has launched a twin-track approach to life after LASPO, part of which has been to form an alternative business structure (ABS) in which a credit hire company has a minority stake.

May 22nd, 2013

Legal Futures Blog

Where are all the consumer ABSs?

time is money

Cracking the non-PI consumer legal market could be the biggest prize yet. So why, asks Simon Goldhill of Legal Futures Associate Simon Goldhill Consultancy, is everyone looking the other way?
Law is big business. According to the latest government figures, the UK market generates over £26bn per annum. Recent analyses suggest that just under half of that comes from the business and commercial sector. Of the rest, £3.5bn relates to personal injury (PI) and £1.5bn to crime. That means that the non-PI consumer legal market in the UK is worth around £8bn per annum. This is equivalent to the entire 2012 turnover of the UK’s creative, arts and entertainment services industry.

May 21st, 2013