Market monitor
CMC numbers continue to fall as whiplash regulation clear latest hurdle
The number of claims management companies continues to fall year on year and has dropped 80% over the past decade, new figures have shown.
CEO who “ran for the hills” loses appeal over failed unfair dismissal claim
A well-known law firm did not fire its chief executive because he made protected disclosures about financial problems that were discovered at the practice, the Employment Appeal Tribunal has ruled.
Mishcon de Reya confirms plan to list on main stock exchange
Partners at London law firm Mishcon de Reya have voted to explore a premium listing on the London Stock Exchange later this year, it announced today.
Firm discriminated against partner suffering mental health problems
A former equity partner at Freeths has won a disability discrimination claim over the way the leading midlands law firm treated him after he was diagnosed with mental health problems.
Law firms to offer upfront conveyancing transaction packs
A national panel of law firms is being created to allow estate agents and members of the public to find conveyancers prepared to provide buyers with upfront property transaction packs.
Three-quarters of law firms furloughed staff, survey finds
Three-quarters of law firms furloughed fee-earners last year and 84% support staff, a Law Society survey has found. Some 15% were forced to negotiate ‘time to pay’ arrangements with HMRC.
Anexo “took advantage” of firms furloughing staff and leaving PI
Listed legal services and credit hire business Anexo Group took advantage of competitors leaving the personal injury market or putting staff on furlough last year, it told investors yesterday.
Government reduces increase in small claims limit for non-RTA cases
The small claims limit for all personal injury claims other than RTAs will only rise to £1,500, rather than £2,000, and its introduction deferred, the government announced yesterday.
Dispersed US firm launches in UK with big ambitions
US dispersed law firm Rimon has entered the UK market as an alternative business structure, with plans to expand rapidly and challenge the likes of Keystone Law and gunnercooke.
Judge criticises firm’s failures in defending solicitor’s dismissal claim
A conveyancing solicitor has won her unfair dismissal and discrimination claim against a well-known Essex law firm by default after it filed its defence two days late.
Blog
Could unpredictable AI costs finally lead firms to true value pricing?
For years, the legal profession has talked of moving away from the billable hour to value-based pricing without quite managing it.
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
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