Market monitor


IBA urges lawyers to adopt “climate-conscious” approach

7 May 2020

Lawyers should take a “climate-conscious approach” to legal practice and advise clients of the risks of worsening the climate crisis, the International Bar Association has declared


Female entrepreneurs urge post-crisis support from GCs

6 May 2020

A group of female entrepreneurs in the legal market has told general counsel that they have to support female-run start-up businesses if they are to survive the impact of the Covid-19 pandemic.


Big firms “burning through” the little cash they have

5 May 2020

Many of the country’s largest law firms are unprepared for the rate at which they are burning through cash during the Covid-19 pandemic, a review of their accounts has revealed.


Court hearings running at half pre-virus level

5 May 2020

The courts and tribunals in England and Wales are now conducting almost half as many civil and criminal hearings as they did before the coronavirus crisis, a justice minister said yesterday.


MoJ pumps £5.4m into not-for-profit advice sector

5 May 2020

The government has announced a £5.4m cash injection for law centres and other advice charities to help people with housing, debt, discrimination and employment problems during the Covid-19 crisis.


Mergers keep coming despite coronavirus crisis

4 May 2020

The coronavirus crisis has not stopped a series of mergers taking place across the country in recent weeks, as well as specialist law firms starting up.


Arrested children may be given legal advice automatically

4 May 2020

The government is considering whether children in police stations should have to opt out of receiving legal advice, rather than opt in as now, it has emerged.


Small law firms fear collapse as Covid-19 drains work

1 May 2020

Nearly three-quarters of small law firms believe they may have to close their doors in the next six months as result of the coronavirus crisis, Law Society research has found.


Ex-Lord Chancellor Gauke returns to old firm

1 May 2020

Former Lord Chancellor David Gauke, who lost his seat at December’s general election, has returned to his old firm Macfarlanes as head of public policy.


Firm targets mass overturning of Post Office convictions

1 May 2020

Hull-based Hudgell Solicitors has begun work on trying to overturn as many as 500 potentially unsafe convictions as a result of the Post Office Horizon IT scandal.

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Blog


The importance of benchmarking reports – and lessons on profitability

Regional firms reported the largest revenue growth this year (12%), outpacing their City counterparts. Yet many are not converting that growth into profitability.


Fixed recoverable costs: Sacrificing justice for predictability?

The extended fixed recoverable costs regime is failing to achieve its stated objectives. Instead of promoting fairness and efficiency, the rules are creating anomalies that undermine justice.


Expectations keep rising, so prioritise client experience

Law firms are facing growing pressure to place greater focus on client experience or risk falling behind in an increasingly competitive legal market.


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