Legal Services Act

Ministry of Justice unveils plan for ‘Global Britain’ summit as part of Brexit preparations

Liz Truss

A ‘Global Britain’ summit is to be held in the spring to highlight “the vital role played by the legal services sector in underpinning our economy”, the Ministry of Justice announced today. Lord Chancellor Liz Truss also spoke out about the importance of cross-border cooperation in civil justice continuing after Brexit.

January 19th, 2017

Accountants threaten legal services pull-out if government imposes independent regulation

Peter James - ICAEW

The Institute of Chartered Accountants in England and Wales has warned that it will “reconsider whether it wishes to remain as a legal services regulator” if the government insists that regulators are fully independent from their professional bodies. The long-awaited consultation on this is said to be imminent.

January 18th, 2017

Commercial firms need to redesign legal service with clients “refusing to pay for young lawyers”

James W Jones

Commercial law firms need to adopt a “redesigned approach to legal services”, including “paraprofessionals, technologists, information specialists, process managers and others” as well as lawyers, a major report has argued.

January 18th, 2017

Top 10 accountancy firm joins the ABS gang

Carolyn Brown RSM

RSM has become the largest firm of accountants outside of the Big Four to launch a legal practice with an alternative business structure licence. The UK’s seventh largest provider of audit, tax and consulting services – which has revenues approaching £300m a year – will target mid-tier and owner-managed businesses with RSM Legal.

January 17th, 2017

City firm launches lawtech start-up incubator

Nick West

Leading London law firm and alternative business structure Mishcon de Reya yesterday announced the creation of an incubator for lawtech start-ups, with the founder saying it was less about investment than helping to change the firm’s culture to embrace technology.

January 17th, 2017

ABS owned by global insurer launches online SME subscription service

Merlie Calvert LHS

A DIY online information service run by the law firm owned by global insurance giant Markel has been opened up to individual SME subscribers. LHS Solicitors charges £45 a year for full access to a ‘digital hub’ which has templates, factsheets, guides, and legal documents, aimed at businesses.

January 13th, 2017

Report: lawyers could benefit from emissions-free future

Tony Williams

The recently ratified Paris Agreement on ending human-caused CO2 emissions offers “huge new opportunities” for law firms to assist with the transition to a zero-emissions economy, a report has claimed. It said firms should consider “getting in on the ground floor” with advising companies producing electric vehicles.

January 6th, 2017

AIM-listed company makes multi-million pound acquisition in bid to become UK’s leading conveyancing service

for sale sign

An AIM-listed provider of online B2B platforms – which white labels MoneySupermarket’s conveyancer search – has bought Conveyancing Alliance for an initial £7.2m as part of its strategy to become the country’s leading handler of conveyancing.

January 5th, 2017

Divert court reform cash to legal aid and support for innovation, says LAG

Ministry of Justice sign

Some of the over £970m earmarked by the government for civil and criminal court reform should be used instead to stem the collapse in spending on legal aid, the Legal Action Group has suggested. It argued that the civil legal aid system was “in free fall” and the underspend in its budget over the last three years should be reinvested in an “innovation and early intervention” fund.

January 4th, 2017

Fairpoint’s chief executive steps down as Slater & Gordon targets refinancing

David Harrel

City solicitor David Harrel has become temporary executive chairman of AIM-listed legal business Fairpoint Group after its chief executive, Chris Moat, stepped down. Meanwhile, Slater & Gordon announced last week that it is talking to its lenders about refinancing and recapitalisation.

January 3rd, 2017