Latest news
PI firms need scale to survive, says firm pumping £3m into its business
Personal injury firms need scale to survive in future, a Manchester law firm has warned as it gears up for a £3m investment into growing its practice. Express Solicitors is expanding ahead of ABSs, the referral fee ban and the extended RTA portal.
LeO presses ahead with bid to cover claims managers and unregulated legal providers
The Legal Ombudsman is to press ahead with bids to take over complaints against claims management companies, and also extend its jurisdiction to unregulated groups such as will-writers and employment advisers.
'Buy and build' private equity firm targets legal market
‘Buy and build’ private equity firm Sovereign Capital has become the latest to outline its intention to invest in the law, Legal Futures can report. It is looking for a legal business that can act as a consolidator in its part of the market.
High Court upholds legitimacy of oral retainer between solicitor and client
It is not essential that the retainer between solicitor and client is in writing, the High Court has ruled. London firm Fladgate successfully sued client Lee Harrison for £63,332 in unpaid fees for work done in a corporate restructuring.
LawVest unveils fixed-price law firm combining solicitors and barristers
A groundbreaking business law firm operating entirely on fixed fees and featuring a mix of leading barristers and solicitors opens today, aiming for a market that it claims has been “protected from real competition for too long”. LawVest also plans to become an ABS.
Which? enters HSBC panel row as bank gives way over terms of undertaking
Consumer group Which? has added its voice to critics of HSBC’s new conveyancing panel, while the pressure on HSBC has led to the bank revising the controversial undertaking demanded of non-panel solicitors.
Divisions over advocacy scheme harden as regulators face battle to keep it alive
Divisions over quality assurance for advocates have deepened after solicitors were advised not to take part in a Bar Standards Board survey on the issue, while specialist Bar associations have been urged to oppose QASA as well.
News in brief: LeO apology, barrister ‘first’, interest on costs ruling and CLC chief leaves
Our latest news round-up reports on an apology over the sudden change in the Legal Ombudsman’s address, which affects all lawyers, a unique agreement between a law firm and a barrister, a crucial ruling on interest on costs, and the exit of the CLC’s chief executive.
Conveyancing regulator warns HSBC and other lenders about restricted panels
The Council for Licensed Conveyancers has waded into the row over HSBC’s 43-strong conveyancing panel, expressing concern that “the limited size panel risks inadvertently restricting consumer choice and distorting competition in the conveyancing market”.
Spin-out firms merge to create largest debt recovery practice
Debt recovery law firms Drydens Lawyers and Fairfax Solicitors, both created by spin outs from national firms, are to merge creating the UK’s largest debt recovery and debt litigation legal practice. It will have a workforce of around 300 and turnover of approximately £15m.
Blog
Does the Lloyd review mark the end of the Legal Services Act?
The Legal Services Board often generates eye-rolls and irritation from the leaders of the frontline regulators it oversees and of the representative bodies attached to them.
A familiar story?
There is no doubt that the rising cost of clinical negligence claims deserves attention. However, the system’s true cost driver is often not the claim itself.
When AI becomes a line on the client’s bill
On 23 June, Legora changed how it charges. The platform announced that its most capable product was moving away from a flat per-seat licence fee to consumption-based pricing
