Market monitor
Former UN chief hits out at “activist lawyer” label
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
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
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
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
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
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
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
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
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
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.
Blog
Five golden links for a caring Christmas and New Year
This time of year always sharpens thoughts about how we look after and support elderly clients and those, elderly or otherwise, who find themselves in vulnerable circumstances.
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.
