Market monitor
Crisis “will create opportunities” for firms that survive
Some law firms will go out of business, but the coronavirus crisis will “undoubtedly create opportunities” for those “agile” enough to take advantage of them, the founder of a legal consultancy has predicted.
What crisis? Conveyancing firm secures £1.1m investment
Ground-breaking conveyancing law firm Muve has completed a £1.1m equity funding round, despite the property market grinding to a halt during the Covid-19 crisis.
City firm commoditises commercial law advice
A City law firm has launched a low-cost commercial law service, using a subscription model and fixed fees, as a “direct response” to the needs of business clients hit by Covid-19.
NAHL eyes conveyancing work as profits tumble
Profits at NAHL plc – the company that owns National Accident Helpline – tumbled by nearly 80% in 2019 as it emerged it is testing whether to start handling conveyancing matters itself.
Strong growth at Keystone as it hits out at firms that furlough
A growing number of listed law firm Keystone Law’s consultants are employing their own lawyers as the model develops, the company said today as it unveiled double-digit growth.
QC body donates £200k to benevolent associations
The body that organises the annual silk round has responded to pressure to release reserves during the coronavirus crisis by donating £200,000 to the benevolent associations for solicitors and barristers.
Prices and brands helping consumers differentiate firms
Consumers still find it difficult to differentiate one law firm from another, but publishing prices helps and awareness of legal brands is slowly rising, new research has found.
Co-op eyes partnerships after revenue and profit jump
Co-operative Legal Services is eyeing up partnerships to boost its probate and estate planning work after announcing a record year as an alternative business structure.
Exclusive: US legal giant sells its ABS to consolidator
US legal services giant LegalZoom has sold the Yorkshire law firm it bought more than four years ago to consolidator Metamorph, Legal Futures can reveal.
New file openings crash but staff stepping up during crisis
Many law firms are seeing the number of new file openings crash as the lockdown continues, but leaders have reported how staff are really stepping up their efforts.
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.
