Market monitor

Lady Hale: Courts should learn from tribunals on diversity

12 November 2019

Lady Hale, president of the Supreme Court, has called on the courts to learn lessons from the tribunal service in improving the diversity of judges.

Niche ABS takes on external funding and non-lawyers

11 November 2019

A niche alternative business structure working with companies that build the global infrastructure of technology has used it to take on external funding and non-lawyers who can help the business grow.

Boutique firm for funders combines legal and political advice

8 November 2019

A boutique law firm catering only for “sophisticated” capital funders is offering what is believed to be the first combined legal, commercial and political advisory service.

Consumers “clueless” about the law and lawyers

8 November 2019

Most people know very little about how the law works in the UK, research has found, with 44% admitting that they did not know the difference between a solicitor, lawyer or barrister.

First minister promises major legal reform for Wales

6 November 2019

The Welsh government has pledged rapid action on a major report that recommended substantial reform to the way the law is administered and legal profession supported in Wales.

Law firm EOT “gives staff security against sale”

5 November 2019

Transferring the ownership of law firms to employee ownership trusts (EOTs) boosts staff loyalty by giving them more security if the firm is sold, the chief executive of the latest firm to create an EOT has said.

Listed law firm leads fresh M&A rush

5 November 2019

There has been a spate of merger and acquisition activity among law firms across the country over recent weeks, with listed firm Knights yesterday entering Birmingham in a £4.7m deal.

Reed Smith looks to “future proof” practice as ABS

5 November 2019

The English arm of international law firm Reed Smith has become an alternative business structure as it looks to “future proof” its practice by offering non-legal services and hiring non-lawyer partners.

MoJ scotches hopes of whiplash shift over children

4 November 2019

The Ministry of Justice has refused to give way to the concerns of claimant groups that children who suffer whiplash injuries lasting less than nine months will be denied access to justice under next April’s reforms.

MoJ: No change to whiplash reform timetable

1 November 2019

The Ministry of Justice is continuing to work towards April 2020 to implement the whiplash reforms despite the upcoming election, it has confirmed.

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13 November 2019

The October PII renewal: Why the market changed

Since the abolition of the Solicitors Indemnity Fund, the October professional indemnity insurance renewal season has always been a challenge, but this year most law firms saw their premiums go up.

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