Market monitor
Quindell scotches report of major contract loss
Alternative business structure Quindell has quashed a news report of more problems for the AIM-listed company which led to a late dive in its share price yesterday. The share price was up sharply in early trading.
Terry relinquishes right to nearly 9m Quindell shares
Former Quindell executive chairman Rob Terry has formally lost his right to buy back nearly 9m shares in the company under the sale and repurchase agreement that led to his resignation.
Keystone Law outlines post-investment growth plans
‘Dispersed’ firm Keystone Law has set out an ambitious growth strategy for the firm in the wake of taking external investment, which will see it more than double the number of its offices.
Knowledge gap between lawyers and consumers “narrowing all the time”
The “traditionally wide” knowledge gap between lawyers and consumers is “narrowing all the time”, Canadian futurologist Jordan Furlong told delegates at this week’s Legal Futures Annual Conference.
Genus Law makes first acquisition
Genus Law, the Leeds-based alternative business structure formerly known as Brilliant Law that is backed by gambling entrepreneur Bert Black, has made its first acquisition. The purchase of niche employment firm Pharos Legal is a “model for what we’re going to do going forward”.
Exclusive: Connect2Law relaunches with ‘platinum’ law firm members working alongside Parabis
Law firm network Connect2Law has this week been relaunched with a new format and seven ‘platinum’ members who will work alongside leading alternative business structure Parabis.
Terry quits as chairman of ailing Quindell
The pressure on AIM-listed alternative business structure Quindell has today resulted in founder and executive chairman Rob Terry resigning from the board of directors with immediate effect.
One in four top-250 firms mulling external investment
Almost one in four top-250 law firms are considering securing some form of external equity investment, according to a survey. The highest proportion said they would look to raise between £5m and £20m, many to fund acquisitions.
Bad news keeps on coming for Quindell as financial adviser quits
The turmoil at AIM-listed alternative business structure Quindell – which lost 45% of its value last week – has continued unabated this morning after announcing that its financial adviser and joint broker has resigned.
Quindell’s week of misery continues as shares dive on biggest institutional investor halving stake
The shares of alternative business structure Quindell plc suffered yet another dive yesterday after it emerged that the company’s largest institutional investor has halved its stake in recent months.
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.
