Market monitor

Law firms have “failed to invest” in debt recovery teams

12 November 2018

Many law firms have failed to invest in their debt and uninsured loss recovery teams, creating a “gap in the market”, according to one looking to double its £6.5m turnover in three years.

“We got it wrong on spending”, MoJ mandarin tells MPs

7 November 2018

The permanent secretary at the Ministry of Justice has told MPs that two of its main spending assumptions have turned out to be “fundamentally unrealistic”.

He’s back: Ex-Quindell chief Terry invests in claims manager

6 November 2018

Rob Terry, founder and former executive chairman of claims-handling giant Quindell, has invested £750,000 in a claims management joint venture, it has emerged.

Admit LASPO went too far, Neill tells justice minister

2 November 2018

The government was put under pressure yesterday by the Conservative chair of the justice select committee to admit that it had gone too far in its cuts to legal aid and made justice “transactional”.

Online will providers 77% cheaper than solicitors

1 November 2018

Online will providers are 77% cheaper than solicitors on average, new research has found, while the value of wills and probate services is set to increase by £200m to £1.5bn by 2023.

Think tank: MoJ budget “to keep falling for years to come”

31 October 2018

The Ministry of Justice is among the government departments “facing further large budget cuts over the next five years” on the basis of this week’s Budget, a leading think tank has predicted.

‘Justice campaign’ needs new approach, say experts

30 October 2018

Lawyers have been urged to look at radical new approaches to ‘rebrand’ justice so as to build public and political understanding of its value.

£43m Ince deal to make Gordon Dadds biggest listed law firm

29 October 2018

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.

Biggest client’s “IT disaster” tipped firm into administration

29 October 2018

A “disastrous IT failure” suffered by a law firm’s biggest client tipped it over the edge into administration and a pre-pack sale to fast-growing national firm Taylor Rose TTKW.

National chambers expands into Ireland as Brexit looms

25 October 2018

National chambers Clerksroom has recruited two barristers based in County Mayo, Ireland, in expectation of a lot of legal work arising from Brexit.

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9 November 2018

Seeing the ability in disability

There is much readily available research about the tremendous value that having a diverse workforce brings to the legal profession. This includes drawing from a wider pool of talent and avoiding ‘groupthink’.

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