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On its first anniversary, Aspire Law, a unique alternative business structure set up by Hampshire solicitors Moore Blatch and national spinal injury charity Aspire, has good reason to be cheerful. Twelve months on, the joint venture has grown to the point where it is challenging established players in this niche part of the serious injury market.

The number of students on the Bar Professional Training Course from Asian backgrounds has increased to the point where it almost equals the number of white students, new figures have revealed. The figures have also highlighted the tiny number of students with lower second degrees who secure a pupillage.

The government should return regulation to the legal profession’s representative bodies, rather than introduce full separation, the Law Society has said in response to yesterday’s surprise announcement from the Treasury that separation is now on the cards. The move is set to open up the fault lines in the current regulatory set-up created by the 2007 Legal Services Act.

The Legal Services Board has joined solicitors in questioning government plans to introduce additional regulation of criminal advocacy. The Bar Council supported the proposals by the Ministry of Justice.

Law firms that switch regulator should not be forced to buy six years of run-off insurance cover, CILEx Regulation has argued in a report for the Legal Services Board. It said that only firms which were actually closing should have to buy run-off cover.

The government said today that it will “further reduce barriers” to make it easier for alternative business structures, such as supermarkets and estate agents, to offer legal services like conveyancing, probate and litigation. It will also seek the complete separation of regulators from representative bodies.

Slater & Gordon’s share price has bounced back after last week’s precipitous plunge following the Autumn Statement, with the law firm predicting that the reforms outlined by Chancellor George Osborne would not have a “material impact” on its core business.

A High Court judge has launched an extraordinary attack on a senior property partner, saying that although he was “on the whole” an honest witness, he “plainly cut corners all the time in his practice”. Mrs Justice Proudman said Michael Parker regarded himself as a “man of commerce”.

The Bar Standards Board has reported that its annual income is expected to plummet by almost a quarter (24%) by the end of this financial year, with the smaller than expected number of firms or ‘entities’ that had sought its oversight contributing significantly to the shortfall.

Slater & Gordon’s share price continued to tumble in the wake of the Autumn Statement, with another 27% wiped off their value overnight, while National Accident Helpline has also taken a big hit on AIM. The two listed UK alternative business structures with exposure to personal injury have fallen as well – albeit less precipitously.