Market monitor


Listed law firms post bullish trading updates

10 July 2020

Two listed law firms yesterday issued bullish trading updates, with DWF announcing rising revenues alongside cuts, and Rosenblatt a 38% rise in revenues for the first six months of the year. DWF, the world’s largest listed law firm, has been… Read More


Censored or offensive? CrowdJustice trans row rumbles on

2 July 2020

A barrister suing her chambers and Stonewall has accused CrowdJustice of trying to censor her, but it has stood by its decision to remove her “unnecessarily inflammatory and offensive” language.


Bar faces “existential crisis” with chambers set to fold

1 July 2020

Three in 10 chambers do not think they will survive more than six months as Covid-19 continues to hammer them, with pupils also set to be badly affected, Bar Council research has warned.


Chambers offers workspace for freelance solicitors

30 June 2020

A set of chambers in Birmingham, post Covid-19, is using unused floors in its offices to create a supported workspace for freelance solicitors, Legal Futures can reveal.


“Relax apprenticeship levy rules” to help law firms

30 June 2020

The Law Society has called on the government to allow firms to use the apprenticeship levy more flexibly than now to create new jobs and retrain staff as part of the support needed in the wake of Covid-19.


Mishcon wins appeal to secure guaranteed fees payment

29 June 2020

Mishcon de Reya has won an appeal over a judge’s refusal to grant the London law firm summary judgment on more than £150,000 of fees payable under a guarantee.


Listed company hails growth of its law firm

29 June 2020

Anexo Group plc – the listed business which combines legal services with credit hire – saw turnover increase 39% in 2019 to £79m after spending the year focused on building up its law firm.


Simplify adds major conveyancing firm to ranks

26 June 2020

Consolidation at the top end of the conveyancing market is speeding up after Simplify announced the acquisition of a leading London and South East firm, the second private equity-backed deal this week.


Justice fund hands out £2m in grants in just six weeks

26 June 2020

The Community Justice Fund – which only went live six weeks ago – has already awarded nearly £2m in grants to the legal advice sector to help it cope with the Covid-19 pandemic.


Litigation financier takes groundbreaking law firm stake

25 June 2020

Litigation financier Burford Capital has lived up to its self-description as “the legal profession’s investment bank” by taking a minority stake in a London law firm in return for providing finance.

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Blog


Planning for retirement
8 July 2020

In 2006 I started thinking about retirement whilst founding a boutique practice specialising in partnership and employment law. Ten years later, a friend told me that I would never be able to retire.


Time for a new regulatory settlement
3 July 2020

The problem with reform based on a compromise with vested interests is that it ends up being more pig’s ear than silk purse and the Legal Services Act 2007 is no exception.


Reports


Report Cover
Our latest special report, produced in association with Temple Legal Protection, looks at the role of after-the-event (ATE) insurance in commercial litigation post-LASPO. We are at a time when insurers, solicitors, clients and litigation funders work ever more closely to create funding packages that work for all of them, with conditional fee and even damages-based agreements now part of many law firms’ armoury.

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