Market monitor
Wellbeing and cost of practice worrying barristers
Experienced barristers are largely confident for their own futures but face challenges around wellbeing, the rising cost of doing business and the late payment of fees, a major survey has found.
MoJ: Still no whiplash rules but April remains the plan
The Ministry of Justice continues to insist that the whiplash reforms will come into force in April, even though the rules which will enable lawyers and compensators to prepare have still not been published.
Knights enters Yorkshire as firms line up to be bought
Fast-growing listed law firm Knights is moving into Yorkshire this month as its chief executive says he is receiving an increasing number of approaching from potential acquisitions.
Big law firms having to become multi-disciplinary, report finds
The biggest international law firms being driven by their clients towards a multi-disciplinary “integrated solutions” approach to delivering legal services, a report has found. But it won’t be easy.
Ince set to raise £16m to fuel growth
Listed law firm Ince Group raised £12m through a placing today – with a further £4m in the pipeline – in a bid to support growth and its balance sheet, but saw its share price crash as a result.
Pioneering listed law firm and staff reap rewards
The country’s first listed law firm will continue to diversify its offering, it said today as it unveiled a strong set of half-year results that showed how partners and staff are benefiting too.
Barristers to lose out from Iraq claims firm’s liquidation
Barristers instructed by now-defunct Birmingham law firm Public Interest Lawyers are set to lose out significantly from its liquidation, although its collapse may yet spark legal action.
New ABS aims to improve on fee-share model
The founders of a new consultant-led law firm are aiming to challenge not only the traditional law firm model but also the current fee-share models which have evolved over recent years.
City firms risk breaking rules with onshore centres
City firms with ‘onshore’ offices in cities such as Belfast and Manchester are breaking professional rules by not making it clear to clients where the work is being done, groundbreaking research has suggested.
PI firm saved in pre-pack sale amid merger deals
A personal injury law firm in Preston has been saved following its sale out of a pre-pack administration as the weeks before Christmas saw more mergers around the country.
Blog
Strong AML controls are meaningless with incomplete data
One expectation as the FCA takes control of anti-money laundering oversight is a move towards more supervision rather than simply writing new rules.
Navigating the legal AI productivity-profitability paradox
Firms are achieving efficiencies through AI, especially in the practice of law. Yet many are struggling to see that reflected in their financial outcomes
Regulation, growth and access to justice: why legal services need a reset
Well-intentioned consumer protections embedded in the regulation of legal services increasingly act as barriers to innovation, competition and access to justice.
