Market monitor
Here come the Americans: LegalZoom gains ABS licence
US online legal services provider LegalZoom – which claims to be the best-known legal brand in America – has today become the first US business to be licensed as an alternative business structure.
Exclusive: Quindell Legal Services chief departs
The chief executive of Quindell plc’s legal services division has left the company, it has emerged. The news comes in the wake of the ABS’s announcement that it is in talks to sell one of its operating divisions to generate cash.
Senior partner who became direct access barrister sets up alternative business structure
David Hassall, a senior partner turned barrister whose career mirrors recent changes in legal services, has set up an alternative business structure – which he intends to operate on a ‘John Lewis’ profit share model.
Over 250 Quindell shareholders register for planned group action
More than 250 current and former shareholders in AIM-listed alternative business structure Quindell have already registered their interest in a potential group action, Liverpool law firm Camps has said.
Exclusive: “We will be biggest brand in UK,” says LegalZoom
US company LegalZoom today makes plain its ambitions for the UK market by saying there is “no question” that it will become the best-known legal brand on this side of the Atlantic.
Liverpool firm targets investor group action against Quindell
Liverpool law firm Camps is trying to pull together a group action over losses suffered by investors in alternative business structure Quindell plc following the dramatic collapse in the AIM-listed company’s share price, it announced today.
Exclusive: Assure Law buys HighStreetLawyer in bid to build 200-firm network
Business consultancy Assure Law has acquired a majority stake in HighStreetLawyer.com, the network of small firms, and plans to expand it substantially.
Quindell price nosedives again as Terry sells 25m shares
The share price of alternative business structure Quindell went into meltdown again today after it emerged that founder and former chairman Rob Terry has sold 25m shares over the last fortnight.
Quindell calls in PwC to conduct review in bid to head off cash flow concerns
Alternative business structure Quindell has called in PwC to conduct an independent review of the business, with the issue of its cash flow a key focus, it announced this morning.
Duke Street puts further £13m into Parabis
Private equity company Duke Street Capital has invested a further £13m in Parabis Group in a show of long-term commitment to the top 50 firm. Duke Street was the first private equity investor in a solicitors’ firm.
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
