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Cost of practising as a solicitor to rise sharply

8 July 2013

The cost of practising as a solicitor is set to rise at a rate of more than four times inflation, if the Law Society’s council approves figures that will be put before it later this week. The collection of £116.8m in fees from the profession is up £13.2m on this year.


Law Society's wills quality scheme launched with warning over falling market share

8 July 2013

The Law Society last week finally launched its Wills and Inheritance Quality Scheme (WIQS) last week with a warning to the profession that it needs to act to halt the fall in its market share. But the likes of the Co-op, AA and Saga will be able to apply for it too.


Exclusive: swathe of personal injury firms reports reduced income since LASPO

5 July 2013

Almost a third of personal injury law firms in the north-west have seen fee income drop due to the introduction of LASPO reforms on 1 April, new research has found. More than 70% said that the regulatory and structural changes have had a negative impact on their businesses.


Susskind: ABSs will have international ripple effect and break down protectionism

5 July 2013

American opposition to alternative business structures is about protecting lawyers, not clients, Professor Richard Susskind has suggested. And he predicted that within a decade or so, “most advanced jurisdictions, and many emerging jurisdictions as well, will have liberalised in the manner of England


Lack of transparency over costs “driving consumer mistrust” of lawyers

4 July 2013

Lawyers’ lack of transparency over cost – rather than the actual cost of their services – is the major barrier to consumers seeking legal advice and the primary cause of a breakdown in trust between them, Legal Services Board research has found.


Solicitor wins injunction to stop former lover going public

4 July 2013

A solicitor has won an interim injunction to stop his former younger lover from going public with details of their relationship, it has emerged. However, Mr Justice Tugendhat has warned that he will keep under review the need for the parties to stay anonymous.


ABS pressures put 2,500 law firms “at risk of failure”

4 July 2013

Competition from alternative business structures (ABSs) has increased pressure on law firms to the point that 2,500 are at risk of financial failure in the coming year, according to business recovery specialists.


Exclusive: Apprentice Alex gets ready to fire up Dynamo Legal

3 July 2013

Alex Mills, who was last week fired from The Apprentice, has told Legal Futures that his fledgling brand Dynamo Legal has a six-month window to capitalise on the publicity his stint on the BBC show has generated.


Grayling: criminal legal aid reform means fewer firms, not fewer lawyers

3 July 2013

There may be fewer criminal law firms as a result of legal aid reform but not fewer solicitors, the Lord Chancellor claimed today. Questioned by the justice select committee, Chris Grayling also expressed disappointment at what he said was the Bar’s failure to engage with the process.


Shareholders back ABS sale

3 July 2013

The shareholders of online conveyancing business In-Deed – the first listed company to buy a law firm – have approved the plan to dispose of the practice and the rest of its business. Nonetheless, the failure of In-Deed paves the way for “further necessary disruption in the conveyancing market”, it has been claimed.

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Which legal AI will still matter in 12 months?

Four years ago, when senior partners asked me which legal AI they should buy, I would have walked them through a vendor comparison. Now I tell them the question is wrong.


Supreme Court redraws line between member and employee in LLPs

For anyone advising professional services firms on LLP structuring, and of course for those in LLPs themselves, last week’s Supreme Court ruling is an essential read.


Charting a new course for publicly funded legal services

The current Legal Aid Agency model is inherently flawed and it goes beyond mere data breaches – it cannot innovatively respond to increasing challenges.


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