Market monitor

Exclusive: Acquisition vehicle eyes PI firm deal rush

18 January 2019

The law firm which bought private equity-owned Roberts Jackson out of administration is planning several more deals to help others exit the personal injury market, Legal Futures can reveal.

City firm sets up ‘cheaper’ subsidiary for hedge fund clients

18 January 2019

City law firm FieldFisher has set up a separate practice with lower overheads to attract hedge fund clients who could not afford its fees. It is the latest “alternative solution” created by the firm.

Top law firm pays £3.5m for misleading US government

18 January 2019

One of America’s most prestigious law firms has agreed to pay $4.6m and register as a ‘foreign agent’ after admitting to misleading the US government over work done for Ukraine.

Virtual firm adds share ownership to model

17 January 2019

A new-model law firm has joined the growing band of practices that offer lawyers and staff a share ownership scheme, and has seen investments ranging from £2,500 to £120,000.

Tax consultancy sets up ABS to become one-stop shop

17 January 2019

A tax consultancy has set up an alternative business structure to create a “one-stop shop” for independent contractors seeking advice, saying ABSs had made the law more entrepreneurial.

Exclusive: Large PI firm begins three-year voluntary wind-down

15 January 2019

Well-known personal injury law firm Camps is to run its practice down over the next two to three years, with 50 redundancies on the cards immediately, Legal Futures can reveal.

Third deal in eights months for Knights as it unveils strong results

15 January 2019

Knights has reported strong growth in its maiden half-year results as a listed law firm along with its third acquisition in eight months – a £1.6m deal to buy a specialist employment practice.

NAH issues profit warning as third ABS receives green light

11 January 2019

NAHL plc, the company behind National Accident Helpline and co-owner of two alternative business structures, failed to meet its financial targets last year, it told investors today in a profit warning.

“Nine in ten legal tech start-ups will fail”

10 January 2019

Nine in ten legal tech start-ups will fail and private equity will target alternative legal services providers, a global legal outsourcer has predicted.

Law firm merger advisers team up to form association

10 January 2019

A law firm that helps solicitors buying, selling or merging their practices has teamed up with accountants and consultants in the sector to launch a new association for advisers.

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10 January 2019

PR: fee-earner or fee-drainer?

For me the greatest challenge has always been, and continues to be, how to demonstrate the value of PR. I was once told I would not get some partners’ attention because I was a fee-drainer, not a fee-earner.

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