Market monitor

NDA initiative aims to promote benefits of standardisation

16 April 2021

More than 700 individuals and businesses have agreed to use a standard non-disclosure agreement (NDA) for use when beginning negotiations over corporate transactions.

Senior City lawyers want to continue working flexibly – or will leave

16 April 2021

The major City law firms are on notice that their big hitters want a permanent post-Covid change in work patterns or some will look to leave, new research has found.

160 firms sign up to consumer app aiming to transform access to lawyers

15 April 2021

An app linking consumers to lawyers who provide free video consultations has been launched this week after three months of testing with 20 law firms – more than 160 firms have now signed up.

Solicitor unfairly dismissed for refusing Covid variation to contract

15 April 2021

A solicitor fired after refusing a demand to vary her contract so her firm could furlough her or reduce her wages to help it cope with the impact of Covid has won a claim for unfair dismissal.

Conveyancing giant enters the big leagues as acquisitions pay off

14 April 2021

Simplify, the private equity-owned group that leads the conveyancing market, is now one of the largest legal businesses in the country with a turnover of £139m last year, its accounts have shown.

IP lawyers face multi-million pound claim over “secret commissions”

13 April 2021

A representative action has been launched against IP law firm Marks & Clerk alleging that it “grossly overcharged” thousands of SMEs through a “secret commissions scheme” with CPA Global.

Irwin Mitchell tipped for £500m stock market listing – again

12 April 2021

National consumer giant Irwin Mitchell is planning a stock market float valuing the law firm at £500m, according to press reports at the weekend. It could happen this year, said Sky News.

Covid hits revenue and profits at Co-op Legal Services

9 April 2021

Revenue and profits at Co-operative Legal Services fell as a result of coronavirus but case volumes grew during last year, its annual results have shown.

Former army lawyer takes “military approach” to legal services

1 April 2021

A former major in Army Legal Services has described how taking a “military approach” has helped him when launching his law firm this week.

Law firms “complacent” about sharing technology

31 March 2021

Most law firms are “complacent” about sharing technology with clients, according to the partner who leads Shoosmiths new division offering a range of legal and non-legal products.

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In the absence of full-scale office-based working, law firms and corporate legal departments will need to find new ways of ensuring collaboration and knowledge sharing among their legal professionals.

Law firms’ cost focus will drive financial innovation in the sector

What the pandemic has brought into sharp focus for firms is a desire to reduce costs. In 2019, research found cost reductions were last on a long list of priorities for firms; now they are near the top.


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.

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