Market monitor
Groundbreaking animal rights law firm launched
A law firm dedicated to animal protection, believed to be the first of its kind, has been launched by two solicitors experienced in the field. Advocates for Animals aims to work for charities and NGOs.
PI claims and motor premiums falling, says ABI
There has been a “slowly decreasing volume” of personal injury claims since 2016, the Association of British Insurers has said, but LASPO only helped reduce PI costs “slightly”.
Private equity investor puts “millions” into two more law firms
Private equity firm BGF – which describes itself as the most active growth investor in the world – now has stakes in four law firms after adding two linked property practices to its portfolio.
Acquisition number 7 for law firm consolidator
Consolidator Metamorph Law has made its first acquisition for a year – and seventh in total in less than three years – by buying Hampshire legal practice Verisona Law and adding £5m to its turnover.
Consumer law firms optimistic but fee pressure looms
Almost two-thirds of solicitors active in the main consumer law areas expect their workload to increase over the next year – but there is looming pressure on fees, a survey has found.
Redde sees 150% rise in profits from joint venture ABSs
Accident management group Redde plc – which owns NewLaw Solicitors – has seen profits from the law firm’s five alternative business structure joint ventures increase by nearly 150%.
Funder backs indebted PI firm to thrive after reforms
Leading funder Doorway Capital has expressed more confidence in the personal injury market by pulling a law firm out of a partnership voluntary arrangement.
Government spells out risk of no-deal Brexit to legal services
The government yesterday spelt out the potential impact of a no-deal Brexit on the legal services sector, saying that it risked a loss of market access and an increase in non-tariff barriers.
Private equity firm creates conveyancing giant
Leading private equity firm Palamon Capital Partners has acquired My Home Move to create by far the largest conveyancing business in the country with its existing investment, the Simplify Group.
Gateley directors and staff in £6m share sell-off
A group of internal shareholders at AIM-listed law firm Gateley have sold £6m worth of shares, it emerged last week. An accelerated bookbuild to institutional investors was announced and completed on Friday, with 13 directors and managers, along with the… Read More
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The trade-off mid-sized firm partners think they’re making
Most of the partners I talk to describe the same tension. They want the firm to run efficiently and hit its numbers, but they also want their people to feel supported, developed and fairly treated.
Communication as the core of client care in conveyancing
How a conveyancer approaches client care – particularly in relation to communication – can be the greatest differentiator for the success of a conveyancing firm.
Why brilliant lawyers sometimes fail
A question that often strikes a chord with partners in law firms is this: why is it that individuals who excel in one role sometimes struggle when promoted into another?
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