Company & Commercial
Financial firepower means US firms are “set to topple” magic circle
The magic circle law firms are being attacked from all angles and pressure from US practices in particular means they may have to reinvent and reposition themselves, a corporate adviser has warned.
Unregulated in-house specialist partners with magic circle firm
Unregulated legal business The Law Boutique has teamed up with a magic circle law firm Linklaters and its own contract management platform to provide companies with an “holistic” service.
Digital law firm partners with start-up platform as part of expansion
Digital law firm arch.law has announced a “strategic investment” in Connectd, a platform linking the founders of start-ups, investors and advisers.
“Exponential growth” for open-source contract platform
The chief executive of a contract platform which provides businesses with free open-source templates backed by artificial intelligence has reported “exponential growth”.
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.
Blog
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
Cross-generation collaboration: the key to in-house legal tech adoption
In-house legal function leaders will increasingly have to evolve their thinking on how to manage multigenerational teams containing differing levels of technological expertise.
AI and law firm risk – the view of professional indemnity insurers
In considering law firm applications for cover, many insurers will expect to see evidence of how firms are adapting to AI and preparing for the future.
