Alternative business structures
Gauke hails ABSs and sector’s commitment to lawtech
The Lord Chancellor yesterday hailed the impact of alternative business structures in driving competition and fostering innovation in the legal market.
Levels of innovation in law “stagnating” but future looks better
The level of innovation in the legal market has “stagnated and fallen in some areas” in recent years, but there are a number of encouraging signs for the future, major new research has revealed.
Top judge calls for ABS transparency amid “commercialisation” of PI
A Court of Appeal judge has called on legal regulators to make public who owns alternative business structures to bring greater transparency to the personal injury market.
£43m Ince deal to make Gordon Dadds biggest listed law firm
Gordon Dadds is set to become the largest listed law firm in the world by revenue after agreeing terms to acquire City practice Ince & Co for around £43m plus share options.
PE-backed personal injury firm sold out of administration
Private-equity backed industrial disease law firm Roberts Jackson has become the latest victim of the squeeze on personal injury practices, and was sold out of administration on Friday.
ABS owner given $500m to invest by private equity giant
A global ‘enterprise legal services company’ that effectively owns a London-based ABS is set for massive growth after Europe’s biggest private equity house took a majority stake.
Listed law firm launches litigation funding subsidiary
City law firm Rosenblatt has launched a standalone litigation funding business with an initial £2m cash injection from the money it raised from its stock exchange listing in May.
Co-op: We’re now the UK’s largest probate provider
The Co-op has declared itself the largest provider of probate services in the UK as its financials continue to improve. Legal services turnover in the first half of 2018 was up 31% and profits quadrupled.
Simpson Millar unveils £50m plan to become leading consumer legal brand
Simpson Millar has unveiled a five-year £50m growth strategy to become one of a handful of consumer legal brands, starting with the acquisition of Liverpool practice EAD Solicitors.
Revealed: US firm fast-tracks UK launch using ABS’s platform
A US class action law firm has used a new platform created by an alternative business structure to fast-track its UK launch, Legal Futures can reveal.
Blog
Client account interest is not spare change
The proposed Interest on Lawyers’ Client Accounts scheme is being framed as a sensible, international, “tried and tested” way for the profession to help fund a justice system under strain.
The formula for finance-enabled business development
Client concentration or over-dependence now counts as a top strategic risk for 26% of firms. Cross-selling is an antidote – a way to bolster revenue resilience without relying on client acquisition.
Whistleblowing guidance for in-house lawyers – a call to arms
In-house lawyers are in a unique position to spot wrongdoing. But reporting it is not just potentially dangerous from a personal point of view.
