Market monitor
Bar faces “existential crisis” with chambers set to fold
Three in 10 chambers do not think they will survive more than six months as Covid-19 continues to hammer them, with pupils also set to be badly affected, Bar Council research has warned.
Chambers offers workspace for freelance solicitors
A set of chambers in Birmingham, post Covid-19, is using unused floors in its offices to create a supported workspace for freelance solicitors, Legal Futures can reveal.
“Relax apprenticeship levy rules” to help law firms
The Law Society has called on the government to allow firms to use the apprenticeship levy more flexibly than now to create new jobs and retrain staff as part of the support needed in the wake of Covid-19.
Mishcon wins appeal to secure guaranteed fees payment
Mishcon de Reya has won an appeal over a judge’s refusal to grant the London law firm summary judgment on more than £150,000 of fees payable under a guarantee.
Listed company hails growth of its law firm
Anexo Group plc – the listed business which combines legal services with credit hire – saw turnover increase 39% in 2019 to £79m after spending the year focused on building up its law firm.
Simplify adds major conveyancing firm to ranks
Consolidation at the top end of the conveyancing market is speeding up after Simplify announced the acquisition of a leading London and South East firm, the second private equity-backed deal this week.
Justice fund hands out £2m in grants in just six weeks
The Community Justice Fund – which only went live six weeks ago – has already awarded nearly £2m in grants to the legal advice sector to help it cope with the Covid-19 pandemic.
Litigation financier takes groundbreaking law firm stake
Litigation financier Burford Capital has lived up to its self-description as “the legal profession’s investment bank” by taking a minority stake in a London law firm in return for providing finance.
Work still at 50% of pre-Covid levels, says NAHL
NAHL plc has seen a modest recovery since lockdown restrictions eased but personal injury and conveyancing work is still at 50% of pre-Covid levels.
DoNotPay targets UK expansion after $12m investment
The ground-breaking DoNotPay chatbot – which describes itself as the world’s first robot lawyer – is to ramp up its UK offering after securing $12m (£9.6m) in backing from Silicon Valley.
Blog
Small steps, big impact: how SME law firms are making legal tech work
For SME law firms, the priority is turning the potential of tech into measurable impact: success is driven not just by the technology, but by how firms approach planning and implementation.
Why housing disrepair claims against councils have leapt by nearly 400%
Housing disrepair claims against councils have surged dramatically in recent years, with some areas reporting increases approaching a staggering 400%.
Client accounts: Opportunity, obligation and the risks in between
The profitability gap between well-run firms and the rest is not primarily a function of size, location or practice area – it is a function of financial management.
