Market monitor
Hugh James extends law firm network
Hugh James, the biggest firm in Wales, is extending its law firm network into the north of the country, it has emerged. It already has 120 firms signed up to Legal Network Wales.
PI lawyers predict “carnage” in market
There could be “carnage” among personal injury (PI) firms this year as the full impact of the Jackson reforms and portal fee cuts finally hits home, lawyers have predicted.
Exclusive: Fletchers launches Medical Law Network to take on big firms
North-west firm Fletchers Solicitors has launched a medical negligence marketing network with three other niche practices in a bid to compete with the biggest players in the market.
SME law firms “face the most threat” from new entrants, survey finds
Small and medium-sized law firms “face the most threat” from new entrants and increased competition, a wide-ranging survey of the UK legal services market has found.
Legal aid providers “trying to innovate” but destablised by cuts
More than a third of advice agencies that have so far implemented charging for legal services appear to have done so sustainably, a survey of post-LASPO innovations has found.
QC-backed ‘second opinion’ service aims to succeed where Stobarts failed
A law firm set up to give the public quick and easy online access to barristers’ opinions has been launched by a criminal law solicitor along with two QCs and around 20 chambers across the country.
Law firms failing to meet threat of market disruption, says report
Law firms are failing to respond to the disruptive effects of new entrants to legal services and continue to measure their success using traditional performance metrics, according to a report on market influences in 2015.
“I want to dominate the market,” says entrepreneur as he secures £12m funding for clin neg ABS
An entrepreneur has revealed plans to combine a claims management company, a consumer website and the clinical negligence department of a top 100 firm to form a market-dominating alternative business structure.
International insurance group to launch ABS for corporate clients
Thomas Miller, an international group of companies providing specialist insurance, investment and professional services, is to launch an alternative business structure next month.
Top 200 expect more consolidation – even though most think mergers to date have not succeeded
Fewer than half of managing partners at the top 200 law firms think that recent mergers in the market have been successes, new research has found – even though most expect major consolidation in the next two years.
Blog
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
