Market monitor


Consumer law firm nets big acquisition and investment

21 May 2020

Fast-growing consumer law firm Taylor Rose TTKW has more than doubled in size after taking over private equity-backed McMillan Williams – and has taken investment of its own, we can reveal.


Listed firms make lawyers multi-millionaires – on paper

19 May 2020

The solicitor boss of listed law firm Knights entered the Sunday Times Rich List at the weekend, and our calculations show that lawyers at other listed firms are also worth many millions – on paper at least.


Barrister in libel battle with TV personalities

19 May 2020

Comments about TV stars Rachel Riley and Tracy-Ann Oberman made in an article retweeted by a London barrister were defamatory, the High Court has ruled in a preliminary hearing.


Company “no longer a suspect” in SFO Quindell probe

18 May 2020

The AIM-listed company formerly known as Quindell is no longer a suspect in the Serious Fraud Office’s investigation of what happened before the sale of its legal arm to Slater & Gordon.


City firm aims to help companies “repurpose”

15 May 2020

City firm Mishcon de Reya has launched an advisory service for companies wanting to build “more sustainable and resilient” businesses as they emerge from the coronavirus crisis.


Ex-PI firm set to leave nearly £40m of debts unpaid

15 May 2020

The outlook for creditors of failed personal injury firm Roberts Jackson is bleak, with nearly £40m that it owes, more than half to its private equity backer, unlikely to be repaid.


Conveyancing cheer as government reopens housing market

13 May 2020

Conveyancers, estate agents and others involved in the home-moving process can return to work today in line with social distancing advice, the government announced last night.


Murder trial resumes with counsel and jury swapping seats

12 May 2020

A jury trial resumed at the Old Bailey yesterday, with barristers in the jury and press boxes, and jurors socially distancing in counsel’s rows after being told there were no face masks for them.


£5m fund to support social welfare advice goes live

12 May 2020

A fund worth more than £5m to sustain UK social justice advisers through the Covid-19 pandemic – and as a “catalyst for wider renewal” – has gone live today.


Law firms under lockdown: “A train that is running out of puff”

7 May 2020

Reduced billing by law firms in April was covered by a parallel fall in costs and arrival of government money, but the lack of new work is going to hurt them badly, according to new research.

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Blog


Modern search is about ‘knowledge’ retrieval

Search has long been understood as data retrieval – the ability to call back information and check a box on finding something. Legal professionals today need more of a 360-degree view on a matter.


Lessons from Sir Keir Starmer for SRA chief

The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.


The hidden risks in client account reconciliations

The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.


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