Market monitor


ABSs diversify to offer clients non-legal services

13 March 2020

Southern England commercial law firm EMW has made the first of what it says will be a series of acquisitions of specialist consultancies as it looks to diversify beyond legal work.


Gateley bolsters non-legal offering with £6m deal

9 March 2020

Listed law firm Gateley has made its sixth acquisition of a non-legal business after adding a property and construction consultancy to its portfolio at a cost of up to £6.75m.


Fortuna Law rebrands after complaint from Fortune Law

6 March 2020

Fortuna Law, a litigation boutique set up by former DLA Piper partner Mark Goodwin, has changed its name after complaints from commercial practice Fortune Law.


Merger and acquisition make South East new battleground

6 March 2020

The South East has suddenly become a new legal battleground after a £40m merger between Moore Blatch and Barlow Robbins followed listed firm Knights’ entry into the region.


Five deals in two months – Knights on acquisition trail again

5 March 2020

Listed law firm consolidator Knights today accelerated its growth yet further by announcing two further acquisitions, making it five deals since the beginning of the year alone.


Sexism denying female start-up founders investment

5 March 2020

Female founders of legal start-ups are confronting sexism among investors, including having to answer demeaning questions like ‘have you frozen your eggs?’.


Most firms increasing bank borrowing, survey finds

5 March 2020

There is a “real profitability divide” between larger and smaller law firms although income is generally increasing across the board, new research has found.


City firms “falling behind global rivals” on technology

5 March 2020

Commercial law firms based in the UK are falling behind their global rivals in adopting new technology, including artificial intelligence and data analytics, a report has warned.


Early advice enthusiast takes on legal aid brief at MoJ

4 March 2020

A criminal law barrister who has called for the restoration of legal aid for early advice has become the new minister at the Ministry of Justice responsible for legal aid.


MoJ: Three months is enough to prepare for whiplash reforms

3 March 2020

Three months should be enough time for personal injury law firms and defendant insurers to be ready for the whiplash reforms, the government official leading the work said yesterday.

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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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