Market monitor


From Cardiff to Norwich, Southampton to Newcastle – Knights eyes more M&A

14 July 2021

Listed law firm Knights is eyeing up acquisition opportunities across England and Wales after its performance rebounded strongly in the second half of the year to take turnover over £100m.


“Extraordinary things are happening” outside of traditional law firms

12 July 2021

Professor Richard Susskind’s claim that the current model of alternative legal services providers has not delivered and needs to be rethought is premature, the boss of Radiant Law has argued.


Listed compliance and risk business snaps up another law firm

5 July 2021

Listed company Marlowe has continued the rapid expansion of its employment law business by buying law firm Cater Leydon Millard for £2.25m – its second acquisition in three months.


Back to the future for QualitySolicitors as Metamorph buys network

1 July 2021

QualitySolicitors is set for rejuvenation as a national network of law firms after being acquired by consolidator Metamorph Group, which aims to triple its membership.


Divorce firm looks to shake up field with fixed fee for whole process

25 June 2021

A freelance solicitor has teamed up with a former KPMG partner to launch a divorce business that guarantees its fixed-fee quote for the whole process, including ancillary relief.


In-house lawyers will have to deliver more for less, survey finds

25 June 2021

Almost two-thirds of in-house legal departments are predicting increased workloads, despite most anticipating no increase in staff numbers and almost half expecting budget cuts.


Lawyer pair behind Anexo set to pocket another £61m

23 June 2021

The two lawyers behind Anexo Group PLC will pocket at least £61m from selling their remaining stakes in the business if a proposed takeover goes through, having made £46m earlier this year.


Media law firm’s 200-person IP protection spin-off is sold

23 June 2021

An online brand protection provider spun out of leading media law firm Wiggin has been sold to a company which helps brands manage their intellectual property globally.


Top firms “need to get clients paying faster” to prepare for next crisis

14 June 2021

The top 50 law firms had nearly £6bn of unpaid client invoices on their balance sheets last year and would be better prepared for another crisis like Covid if they reduced this, an analysis has argued.


Law firm mergers “not a time for consensus”

11 June 2021

Mergers of law firms are “not a time for consensus because decisions must be made” and the fact partners may have to cede control “must be debated and not hidden”, a report has warned.

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Blog


Governing the automation of public decision-making

As the A-level results scandal in 2020 proved, scrutinising the ever-increasing use of algorithms and big data by government is essential in ensuring they operate fairly, lawfully and without bias.


Assessing partner profits – changes afoot

The way in which partnership profits are assessed is set to change with the introduction of Making Tax Digital, and the intention is that the basis period will change.


Another nail in the coffin of solicitors’ undertakings?

Every solicitor knows that an undertaking is serious stuff. Arguably it is the greatest power available to a solicitor – a promise, if broken, that will lead to immediate and serious consequences for the giver.


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