Company & Commercial
Business recovery firm eyes acquisitions in bid to double size of ABS
Business rescue and recovery firm Leonard Curtis is eyeing acquisitions as part of plans to double the £2.6m turnover of its law firm in the next three years, Legal Futures can report.
The aim is to double the £2.6m turnover of Leonard Curtis Legal (LCL), an alternative business structure launched six years ago, within the next three years.
Insolvency cases on the rise after difficult year for litigation funder
Listed insolvency litigation funder Manolete saw its turnover and profit fall significantly in the last year due to Covid but is now seeing “strong growth in new case enquiries”.
Australian law firm targets UK SMEs with unlimited subscription service
A tech-driven Australian law firm offering SMEs unlimited, on-demand legal services on a subscription basis has set up in the UK, aiming to be the most visited law firm website within three years.
Appeal judges reject challenge to litigation funder assignment
Appeal judges have rejected a company director’s challenge against the assignment by an insolvency practitioner of a claim against her parents to a litigation funder.
Appeal court deprecates “act of deliberate concealment” by party
Civil litigation should be conducted “with cards on the table – face up” and the courts should not “sanction an act of deliberate concealment” by one of the parties, appeal judges have ruled.
City firm to pay £1.5m over negligent advice on company sale
City firm Charles Russell Speechlys has been ordered to pay two former clients nearly £1.5m after a High Court judge found its advice on the sale of their company negligent.
Platform aims to “mainstream” standardisation of contracts
A “standardisation-focused legal community platform” has been launched by the team behind oneNDA, the initiative which created a standard non-disclosure agreement used by 600 organisations.
No need for new laws on smart contracts, Law Commission says
There is no need for new legislation on smart contracts because the existing laws of England and Wales can accommodate them, the Law Commission has said.
National firm’s subscription service “will change the way we work”
National law firm BLM launched a subscription service for commercial work this week which it describes as “a long-term project which will change the way we work”.
Litigation analytics firm turns focus on IP
A litigation analytics company is using machine learning to help lawyers predict the outcome of intellectual property cases, in what is believed to be the first move of its kind in the UK.
Blog
A new route to practice rights for chartered legal executives
Following approval from the Legal Services Board in May 2022, CILEx Regulation has launched an alternative route for chartered legal executives to obtain independent practice rights.
NFTs, the courts and the role of injunctions
In May, news broke that a non-fungible token was the subject of a successful injunction made by the Singapore High Court. The NFT in question is part of the very valuable Bored Ape Yacht Club series.
Low-value commercial cases – an achievable challenge for ATE insurers
There are many good claims brought for damages that are likely to be significantly less than twice the cost of bringing the claim. These cases present a real challenge for insurers.
Reports
