Half of in-house lawyers face having to advise on ethically or legally debatable actions, while a similar number complain that actions are sometimes taken against their advice on “legally important matters”, a major report has revealed.
Two separate alternative business structures specialising in commercial contracts went live today – each offering clients a non-traditional alternative to corporate law firms. Wavelength.law makes sophisticated use of new technology, while Ember Contract Solutions is part of a management consultancy.
Cardiff-based Capital Law has today launched a £50m fund – backed by a hedge fund – to help its clients pursue litigation, in a first for a law firm. Senior partner Chris Nott said the fund had already helped a small business sue a government department for £1m and another client bring a professional negligence claim against one of the big four accountants.
Top 20 accountancy firm Kingston Smith is expanding its commercial law services, the firm’s new head of legal services has said. Meanwhile, City firm Bates Wells Braithwaite, which became an alternative business structure last year to bring in an accountant to provide non-legal services, is evolving into a firm of business advisers, its managing partner said.
Increased risks accepted by commercial lawyers in an effort to please their clients could result in “law firm collapse”, a report for the Solicitors Regulation Authority has warned. Three-quarters of lawyers told researchers said they were “forced to accept more and more challenging terms of engagement with little room for discussion”.
The common law doctrine of repudiatory breach does not apply to limited liability partnerships (LLPs) with more than two members, the High Court has held, in what is believed to be the first ruling of its kind.
A former Addleshaw Goddard partner has set up a website to help in-house lawyers and law firms work together more effectively. Richard Fleetwood is working on GC Hub with the former head of legal at Rolls-Royce.
Genus Law, the Leeds-based alternative business structure formerly known as Brilliant Law that is backed by gambling entrepreneur Bert Black, has made its first acquisition. The purchase of niche employment firm Pharos Legal is a “model for what we’re going to do going forward”.
Stuart Gillespie, founder of recruitment company G2 Legal, has set up a commercial law alternative business structure with his in-house solicitor, Lucy Tarrant. They are partners in Cognitive Law LLP.