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
A new era of legal operations
What we are seeing in the UK legal market is extraordinary change that will greatly influence how firms operate and compete for years to come.
Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.
Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes
