Market monitor
Exclusive: Rocket Lawyer eyes UK insurer tie-ups
Online legal documents giant Rocket Lawyer is in talks with UK insurance companies to integrate its digital services into their platforms, Legal Futures can reveal.
Exclusive: Pioneering law firm goes into administration – again
Pioneering law firm Just Costs Solicitors went into administration on Friday, leading to 26 redundancies. It is effectively the firm’s second administration after the original Just Costs went down in 2017.
Gordon Dadds raises 15% more than planned in share placing
Listed law firm Gordon Dadds ended up raising 15% more than the minimum it hoped for from yesterday’s share placing, even though the move wiped a quarter off the company’s value.
Listed law firm raises £10m acquisition warchest
Listed law firm Gordon Dadds Group today announced its intention to raise £10m from institutional shareholders to help fund its increasingly international acquisition strategy.
Listed law firm’s shares soar on positive trading update
Keystone Law – the most successful listed law firm in 2018 when judged by share price – saw it soar a further 15% yesterday after a positive trading update.
Exclusive: Acquisition vehicle eyes PI firm deal rush
The law firm which bought private equity-owned Roberts Jackson out of administration is planning several more deals to help others exit the personal injury market, Legal Futures can reveal.
City firm sets up ‘cheaper’ subsidiary for hedge fund clients
City law firm FieldFisher has set up a separate practice with lower overheads to attract hedge fund clients who could not afford its fees. It is the latest “alternative solution” created by the firm.
Top law firm pays £3.5m for misleading US government
One of America’s most prestigious law firms has agreed to pay $4.6m and register as a ‘foreign agent’ after admitting to misleading the US government over work done for Ukraine.
Virtual firm adds share ownership to model
A new-model law firm has joined the growing band of practices that offer lawyers and staff a share ownership scheme, and has seen investments ranging from £2,500 to £120,000.
Tax consultancy sets up ABS to become one-stop shop
A tax consultancy has set up an alternative business structure to create a “one-stop shop” for independent contractors seeking advice, saying ABSs had made the law more entrepreneurial.
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.
