Market monitor


Former UN chief hits out at “activist lawyer” label

3 November 2020

The former secretary-general of the United Nations has condemned Home Secretary Priti Patel’s recent attack on “activist lawyers”. Ban Ki-moon also urged the legal profession to reform itself.


Exclusive: New ‘corporate’ chambers looks to shake up Bar

2 November 2020

A family law barrister, together with the former chief executive of the Lawn Tennis Association, are looking to shake up the Bar by adopting a corporate structure for their new chambers.


Gateley narrowly overcomes shareholder pay revolt

2 November 2020

Pioneering listed law firm Gateley narrowly survived a major shareholder revolt against its directors’ remuneration report, with just 51% of votes in favour of approving it.


Solicitor sells employment law business for £61m

30 October 2020

A solicitor who left private practice to set up an employment law, HR and health & safety business 16 years ago sold it yesterday for £59m to a new big player in the employment law world.


City sets out innovation blueprint amid fears over Covid impact

30 October 2020

The Covid-19 pandemic risks the huge progress made in using technology to innovate in legal services and find new ways of working, according to a report from the City of London Corporation.


“Rude” CMC fined £250k for millions of nuisance calls

30 October 2020

A claims management company that made millions of nuisance calls, and did so in an “aggressive and rude” way has been fined £250,000 by the Information Commissioner’s Office.


FCA issues warning to claims management companies

29 October 2020

Many claims management companies have shown “a poor understanding of, and sometimes attitude to, their regulatory obligations”, the Financial Conduct Authority said this week.


Mergers increasingly based on net assets in absence of goodwill

27 October 2020

Law firm mergers and acquisitions are increasingly based on net assets rather than a multiple of income or profits, as many do not have any inherent goodwill, an adviser has said.


Number of solicitors on the roll hits 200,000 for first time

26 October 2020

The number of solicitors on the roll has topped 200,000 for the first time, with 150,000 now practising. Meanwhile, the proportion of solicitors working in private practice has fallen to an all-time low.


Consumers “growing in confidence” to manage own PI claims

26 October 2020

The proportion of road traffic accident victims who would be prepared to submit personal injury claims themselves has hit more than half for the first time, a report has found.

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Blog


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.


Information isn’t oversight – lessons from the PM Law review

The PM Law review’s real findings perhaps point to a failure mode applying to any organisation sitting on scattered risk information.


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