The world’s largest lawyer rating website could be heading for the UK after raising £22m in new capital, Legal Futures can reveal. Avvo, a US-based company, applies its proprietorial rating to more than 97% of lawyers in America.
Alternative business structure Quindell plc moved to reassure the stock exchange yesterday after a negative research note sent its share price plummeting. Having started the day at around 40p, Quindell’s shares on AIM fell as low as 17p before recovering somewhat to 23.75p.
The High Court has struck down an “unlawful and irrational” Legal Ombudsman decision to reduce a law firm’s fee and compensate its client for distress and inconvenience.
The number of applications for grant of probate by personal applicants has risen for the third year running, raising questions about the impact of new entrants to the market, according to new figures.
Legal Futures Blog
The popularity of comparison sites such as Compare The Market is clear for everyone to see, but up until now there has not been a service such as this for law firms. However, this is all set to change, as the Legal Services Board, the oversight regulator, has said that it has secured ‘agreement in principle’ from all the approved regulators in order to publish information they hold about their regulated communities in a ‘reusable format’.