Market monitor

MoJ: Still no whiplash rules but April remains the plan

17 January 2020

The Ministry of Justice continues to insist that the whiplash reforms will come into force in April, even though the rules which will enable lawyers and compensators to prepare have still not been published.

Knights enters Yorkshire as firms line up to be bought

16 January 2020

Fast-growing listed law firm Knights is moving into Yorkshire this month as its chief executive says he is receiving an increasing number of approaching from potential acquisitions.

Big law firms having to become multi-disciplinary, report finds

16 January 2020

The biggest international law firms being driven by their clients towards a multi-disciplinary “integrated solutions” approach to delivering legal services, a report has found. But it won’t be easy.

Ince set to raise £16m to fuel growth

15 January 2020

Listed law firm Ince Group raised £12m through a placing today – with a further £4m in the pipeline – in a bid to support growth and its balance sheet, but saw its share price crash as a result.

Pioneering listed law firm and staff reap rewards

14 January 2020

The country’s first listed law firm will continue to diversify its offering, it said today as it unveiled a strong set of half-year results that showed how partners and staff are benefiting too.

Barristers to lose out from Iraq claims firm’s liquidation

13 January 2020

Barristers instructed by now-defunct Birmingham law firm Public Interest Lawyers are set to lose out significantly from its liquidation, although its collapse may yet spark legal action.

New ABS aims to improve on fee-share model

10 January 2020

The founders of a new consultant-led law firm are aiming to challenge not only the traditional law firm model but also the current fee-share models which have evolved over recent years.

City firms risk breaking rules with onshore centres

9 January 2020

City firms with ‘onshore’ offices in cities such as Belfast and Manchester are breaking professional rules by not making it clear to clients where the work is being done, groundbreaking research has suggested.

PI firm saved in pre-pack sale amid merger deals

8 January 2020

A personal injury law firm in Preston has been saved following its sale out of a pre-pack administration as the weeks before Christmas saw more mergers around the country.

Strong year for Law PLC as most firms’ shares surge

6 January 2020

Several listed legal businesses surged ahead of the market during 2019, with regional law firm Knights providing investors with a particularly rich return, a Legal Futures analysis has shown.

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16 January 2020

Making Tax Digital throws spotlight on outdated legal IT systems

The first year of Making Tax Digital for VAT, known as the soft landing period, ends this April. During these first 12 months, firms without a compliant legal accounts package have used bridging software.

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