Latest news
Slater & Gordon shareholders buy into Quindell deal
Institutional investors have snapped up new shares in Slater & Gordon to fund its purchase of Quindell’s professional services division, it announced overnight. Around 70% of the £637m initial purchase price – £456m – is being funded through new shares, with the rest through bank debt.
BLM joins forces with loss adjusters to launch multi-disciplinary claims service
Insurance law firm BLM has joined forces with Cunningham Lindsey, one of the largest loss adjusting and claims management companies in the world, to launch an offering that combines loss adjusting, claims handling and litigation.
Legal advisory business run by struck-off solicitor forced into liquidation
A legal advice business run by a struck-off solicitor has been ordered into liquidation in the High Court on grounds of public interest following an investigation by the Insolvency Service.
US firm in ABS first as PI mediation service and major council legal team also licenced
A personal injury claims mediation business, an American law firm and one of the largest local authority shared legal services in the country are among the latest alternative business structures to be licensed by the Solicitors Regulation Authority.
High Court: SDT wrong to reject solicitor’s medical evidence but right to strike him off
The High Court has upheld a decision by the Solicitors Disciplinary Tribunal (SDT) to strike off solicitor Timothy Schools, but said that evidence about the state of his health should not have been rejected.
Keep legal executives out of the Crown Court, Rivlin report demands
A report for the Bar Council on the future of criminal justice and advocacy has recommended that legal executives are kept out of the Crown Courts, while solicitors should only be granted rights of audience if they have undergone the same level of training as barristers.
Slater & Gordon announcement strengthens shareholder claims against Quindell, say lawyers
Yesterday’s announcement of the deal for Slater & Gordon to buy Quindell’s professional services division provided details that are likely to strengthen the case being brought against Quindell by disgruntled shareholders, their lawyers have said.
Lawyers raise fears over ‘equivalent means’ route to qualification
The legal community has mixed feelings about the ‘equivalent means’ route to qualification as a solicitor, with even those who like the idea fearing the consquences of greater competition and consequently lower wages, according to a survey.
Government cuts regulation for firms involved in consumer credit work
The government has reduced the scope of regulation for law firms involved in consumer credit work, such as debt collection. It has also increased the ability of firms to offer payment by instalments.
Slater & Gordon strikes £677m deal to buy Quindell’s professional services division
Slater & Gordon has entered into an agreement to acquire Quindell plc’s professional services division in return for upfront consideration of £637m, with an estimated £40m to follow from a 50% earn-out from existing noise-induced hearing loss cases.
Blog
Awaab’s Law phase 2: New hazards council tenants can now claim for
The conversation on housing disrepair is moving beyond damp and mould alone. With the rollout of phase 2 of Awaab’s Law, the scope of issues covered is expanding significantly,
Beyond PCP: Can regulators and lawyers work better together next time?
Nearly a decade after the Financial Conduct Authority began investigating the car finance industry, the story of the PCP commission scandal is still unfinished.
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
