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.
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”.
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.
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 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.
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.
Lawyers have been urged to look at radical new approaches to ‘rebrand’ justice so as to build public and political understanding of its value.
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.
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 Clerksroom has recruited two barristers based in County Mayo, Ireland, in expectation of a lot of legal work arising from Brexit.