Yesterday’s announcement of the deal for Slater & Gordon to buy Quindell’s professional services division provided details that are likely to strengthen the case being brought against Quindell by disgruntled shareholders, their lawyers have said.
The legal community has mixed feelings about the ‘equivalent means’ route to qualification as a solicitor, with even those who like the idea fearing the consquences of greater competition and consequently lower wages, according to a survey.
The government has reduced the scope of regulation for law firms involved in consumer credit work, such as debt collection. It has also increased the ability of firms to offer payment by instalments.
Slater & Gordon has entered into an agreement to acquire Quindell plc’s professional services division in return for upfront consideration of £637m, with an estimated £40m to follow from a 50% earn-out from existing noise-induced hearing loss cases.
Legal Futures Report
This Legal Futures Special Report, published in association with Thomson Reuters, looks at how SME law firms are driving change in the delivery of legal services. The report also highlights the central role technology is having, with firms using it either to improve what is already in place today or to enable the delivery of services in new ways.
Legal Futures Blog
As the market begins to settle down following the legal reforms surrounding general personal injury, solicitors and insurers are now assessing the positive and negative ramifications of these changes. The spotlight has now turned to what is perceived as another ‘growth area’ of negligence claims suddenly coming out of the woodwork, with noise-induced hearing loss now being the root of all evil, with the headlines comparing it to whiplash.