Market monitor

Cancer Research UK, the biggest recipient of legacies in the country, has launched a free online will service with a leading unregulated will writer, it has emerged.

London law firm Child & Child went insolvent because of “severe cash flow difficulties” caused by excess office space, Brexit hitting a key practice area, high salary costs, and clients taking longer to pay.

Gordon Dadds’ share price rose today on the back of positive results that show it has met its goal to double revenue in the three years after listing 12 months early.

Wavelength Law, the pioneering alternative business structure of legal engineers, has been bought by City firm Simmons & Simmons. It will introduce new services and solutions for Simmons’ clients globally.

California could follow the example of England and Wales in embracing non-lawyer ownership of law firms, potentially breaking the dam of opposition in America.

PI claimants will be able to recover credit hire and repair costs under the new regime due to come into force next April if the total value of the claim does not exceed £10,000, it has emerged.

London law firm Mishcon de Reya said yesterday that it was looking to raise capital, and refused to confirm or deny media reports that it is eyeing up a listing on the London Stock Exchange.

Five partners from London firm Child & Child, who acquired the firm after it went into administration at the end of last month in a management buyout, used an off-the-shelf ABS, it has emerged.

Pioneering listed law firm Gateley is aiming to increase the non-legal services it offers substantially after recording record results, with revenues up 20% to £104m.

A pioneering alternative business structure specialising in space law and named after Neil Armstrong 50 years after he first stepped on the moon has gone live, Legal Futures can reveal.