Market monitor
US firm in ABS first as PI mediation service and major council legal team also licenced
A personal injury claims mediation business, an American law firm and one of the largest local authority shared legal services in the country are among the latest alternative business structures to be licensed by the Solicitors Regulation Authority.
Slater & Gordon strikes £677m deal to buy Quindell’s professional services division
Slater & Gordon has entered into an agreement to acquire Quindell plc’s professional services division in return for upfront consideration of £637m, with an estimated £40m to follow from a 50% earn-out from existing noise-induced hearing loss cases.
Keeping it simple: QS-owner Simplify Group buys Simplify the Law
The Simplify Group – the legal services group that owns QualitySolicitors – has added online business Evident Legal to its portfolio. Evident began life in 2011 as a law firm franchise called Simplify the Law, before reinventing itself in late 2012 as an online document business.
A multi-disciplinary vision of the future for lawyers and how they will help code legal apps
One possible occupation for future lawyers will be as a computer programmer, writing code for apps or working alongside an independent legal technology provider, according to the vision of a leading futurologist.
HR consultancy and pensions provider enter legal market with ABSs
A business offering unregulated legal services and HR consultancy is to launch an alternative business structure (ABS) to add reserved areas of law done in-house to its extensive menu of employment and HR advice.
Profits soar at National Accident Helpline as it aims beyond personal injury
Legal lead generator National Accident Helpline today unveiled strong results for its first year as an AIM-listed business and indicated that it will continue to move beyond its core of personal injury to other areas of consumer law.
Fairpoint “has platform” for further law firm acquisitions
Fairpoint Group plc – which last year bought two law firms – said today that its financial success in 2014 has laid the foundations for further acquisitions. The AIM-listed business hitherto focused on ‘debt solutions’.
Law school ABS aims to provide paid-for advice to young entrepreneurs
Nottingham Law School, the first in the country to apply for an alternative business structure (ABS) licence, aims to offer young entrepreneurs a paid-for business advice service, it has emerged.
Slater & Gordon “closing in” on £900m Quindell deal
Quindell confirmed today that it is considering a deal with Slater & Gordon that would see the listed Australian firm buy its legal division for £640m plus receipts from the settlement of noise-induced hearing loss cases.
Large conveyancing firms grab market share as firm numbers fall
The biggest conveyancing firms have benefited the most from the recession, while the number of practices involved in conveyancing has continued to fall, a survey has revealed.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Reports
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