Blog

Some are predicting a bloodbath in the legal sector and there are reports of members seeking to jump from their sinking ships and others being ejected. So how easy is it to leave an LLP?

Spartacus (or maybe Kirk Douglas) once said: “I believe in opportunity and the power of reason to seize upon it. Whatever happens, it happens because we choose for it. We decide our fate.”

The thought of setting up a new law firm during a global pandemic may seem irrational, cavalier and high risk. However, the winners will be those who adapt the quickest and realise the change.

Before the pandemic, I had one regular online get-together in my diary each week. With up to six online meetings a day since, I have since uncovered a lot about the do’s and don’ts.

I reported last year that the October PII market was a challenging environment and many practices paid more for their cover. This trend of increased premiums continued into this spring.

Sadly, there is a demand for wills due to the implications of Covid-19, so the need to communicate your services to help those looking to organise their affairs is still very important.

I can’t see how we can go back from this point. E-bundles present no disadvantages, since no-one is prevented from printing out their bundle if they want to. 

“I don’t get stressed” is a mantra I have tried (and generally failed) to live by. It belies the fact that I have been an unknowing but nonetheless card-carrying stress-cadet since goodness knows when.

The announcement that the Civil Liability Act, and the changes which come with it, will not now be implemented until April 2021 is sensible and welcome.

Whilst it may be counterintuitive to many, there are more PI law firms wanting to buy than to sell. It has become a seller’s market that is even stronger given the high demand during the pandemic.