Outsourcing

Direct access chambers and specialist financial services set launch BSB ABSs

Daniel ShenSmith

A ‘virtual’ chambers that supports direct access work has set up an alternative business structure, as has a niche financial services chambers, which become the second and third to be regulated by the Bar Standards Board. It licensed its first ABS, a collaboration between a London chambers and football agents, earlier this month.

June 1st, 2017

Keep calm and carry on: BSB finds no evidence of “widespread change” at the Bar

Gray

Widespread change” is yet to happen at the Bar, with only a small minority of barristers planning to change the way they work or charge fees, a report for the Bar Standards Board has found. Despite the presence of “strong drivers for change”, the report said this did “not necessarily equate to a need or desire for a new approach”.

May 31st, 2017

In-house lawyers value responsiveness and understanding above price

Sands of Time

In-house lawyers have ranked responsiveness and understanding of their businesses above price as the qualities they most look for when choosing external law firms. One legal counsel at an investment fund said he was “shocked at the poor service we sometimes get” and “often dumbfounded by the poor level of responsiveness”.

May 16th, 2017

AI contract service secures financial backing

Richard Mabey

A web-based service which uses artificial intelligence (AI) rather than lawyers to give business clients crucial information about their contracts – and already works with Deliveroo – has secured a second round of funding from high-profile investors.

January 18th, 2017

Report highlights perception gap between partners and fee-earners

Jonathan Whittle

There is a big gap in the way partners and fee-earners at medium-sized law firms view where they work, including “an exaggerated sense of progressiveness among decision-makers”, a new report has found. Partners were far more confident than fee-earners that their firm had a “clear strategy for the future”.

March 22nd, 2016

Barristers who outsource work must avoid referral fees, Bar Council warns

barrister

Barristers who outsource work must not “ask for or accept” any payment from third parties, the Bar Council has warned. However, third parties can “for commercial reasons” offer services to barristers at lower than normal rates, so long as the “entire benefit” is passed to lay clients.

February 22nd, 2016

Commercial law firms must seize “window of opportunity” to adopt new delivery models

City of London

Commercial law firms have a limited “window of opportunity” to adopt new delivery models which is unlikely to “remain open forever”, a report has warned. Jomati Consultants also revealed that four City firms are on course to receive almost £8m in government grants as a result of opening low cost centres.

February 8th, 2016

GCs urged to take control of process and technology needs

OLYMPUS DIGITAL CAMERA

More than three quarters of general counsel lack separate budgets for process and technology services, despite exactly the same percentage identifying a “compelling need” for them, a survey has found. “To have a compelling need, but have no budgetary control is potentially ‘creek, canoe, no paddle’ territory”, it said.

January 25th, 2016

Law to become “younger profession”, BLP managing partner predicts

Neville Eisenberg

The legal profession of the future is going to be younger, Neville Eisenberg, managing partner of City law firm Berwin Leighton Paisner (BLP), told the Global Law Summit in London today.

February 24th, 2015

“I want to dominate the market,” says entrepreneur as he secures £12m funding for clin neg ABS

sajidHussain - 5r1 (2)

An entrepreneur has revealed plans to combine a claims management company, a consumer website and the clinical negligence department of a top 100 firm to form a market-dominating alternative business structure.

January 30th, 2015