Fairpoint plc, owner of national law firm Simpson Millar, has said it is ready for more acquisitions after achieving “double-digit growth” in the last calendar year. The firm also reassured investors over the impact of the government’s whiplash reforms.
The government should consider strengthening the fining powers of the Solicitors Regulation Authority and lowering the burden of proof in cases that reach the Solicitors Disciplinary Tribunal as part of the reforms needed to combat insurance fraud, a major report has recommended.
Slater & Gordon (S&G) has remained tight-lipped as two Australian law firms invite shareholders in S&G to register for potential group actions against it. One of the firms, Maurice Blackburn, said concerns centred on the “timing and accuracy” of information released by S&G.
Personal injury firm Asons has suspended building work on an “iconic” £8m new office in Bolton and announced a restructuring programme in response to chancellor George Osborne’s Autumn Statement. The firm said it wanted to focus on “shoring up its defences”.
Personal injury, commercial and family work will all fuel negligence claims against lawyers, insurance specialist BLM has warned in a white paper. It also predicted that a new source of claims could come from the “rapid pace of reform” in legal services, testing new systems and processes “to their limit”.
The Solicitors Regulation Authority is to launch a research project on the “competence” of personal injury lawyers, it has emerged. The research will examine the “decisions and processes implemented by firms to respond to legislative and market changes”.
Insurance specialist Horwich Farrelly has recruited the entire Greenwoods large and complex personal injury team, among a total of seven partners and 36 other staff, from Parabis. Meanwhile Fletchers has revealed its ambition to be a top 100 firm by 2018.
A personal injury “knowledge hub”, backed by a board of industry experts, has been launched by solicitor and due diligence specialist Zoe Holland. Andrew Twambley and Professor Dominic Regan are among those involved.
A claims management company set up as a joint venture between a law firm and two non-lawyer investors is looking to start competition in the personal injury market by offering clients success fees of 15%. Quittance promises to absorb other costs.
The former chief executive of Quindell Legal Services (QLS) has admitted that he was wrong to sell a business he had built up over 13 years to the troubled plc two years ago. However, Phil Hodgkinson said he had learnt a lot from the “Quindell experience”.