Market monitor

Law firms “must recognise impact of online wills”

19 February 2020

Law firms must recognise that the market for wills is changing and that younger people are attracted by online wills, after research showed the average age of will-makers was 58.

Small firms “unable to pay for the best lawyers”

18 February 2020

Smaller law firms are unable to pay the high salaries that top candidates for jobs are demanding and this is putting them under economic pressure, a survey of 4,000 practices has concluded.

Boutique firm first to commit to ethical quality mark

17 February 2020

A niche London disputes practice has become the first law firm to sign up to the Good Business Charter – an ethical business initiative that supported by both the CBI and TUC.

Top will-writing brands taking “noticeable” market share

14 February 2020

The four leading will-writing brands are beginning to take “a noticeable market share”, new research has suggested. It also found that a majority of probate matters are now handled on a fixed-fee basis.

Knights ramps up pace of consolidation with another deal

14 February 2020

Listed law firm Knights is stepping up its consolidation strategy, unveiling its third acquisition of 2020 with a deal to buy a Nottingham law firm for up to £8.3m, and agreeing a new £40m credit facility.

New referral network shows model lives on after Connect2Law

14 February 2020

A north-west law firm has launched a referral scheme for other solicitors, against a national backdrop where the survival of networks formerly in Pannone’s Connect2Law suggests the model is alive and well.

Pioneering US law firm opens in London

12 February 2020

The US law firm that pioneered the model of senior lawyers leaving big firms to take control of their own practices – and is the biggest of its kind – has opened in London, Legal Futures can reveal.

Community care practitioners “could disappear”

12 February 2020

Community care legal aid “could disappear altogether” as a specialism as advice deserts expand, the Law Society has warned. Some 79% of local authorities now have no publicly funded services.

New setback in race to begin whiplash reform in April

10 February 2020

The Civil Procedure Rule Committee last week put off approving the rules for the new whiplash portal until next month, making the April start-date all-but impossible.

Top politician and ex-chief of defence staff join ABS

10 February 2020

An alternative business structure that combines legal and political advice has hired Theresa May’s former chief of staff as well as a former chief of the defence staff.

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26 February 2020

Law schools, the SQE and technology

Many legal education providers are grappling with how to respond to the SQE. One thing that is clear is that courses will need to offer exposure to, and the use of, technology.

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