Market monitor
Entrepreneur launches campaign to help litigants in person
An entrepreneur who successfully lobbied for changes in how the Foreign Office handles missing people has launched a new campaign to support litigants in person.
New ABS combines legal and accountancy advice
A litigation-focused legal and accountancy alternative business structure, which opened for business this month, is set to benefit from an “explosion” in contested probate cases.
Law firms need to offer “holistic services”, says Glaisyers boss
Law firms of the future need to offer clients a “holistic service” beyond just legal advice, according to the boss of a law firm bought by a multi-disciplinary European network last week.
Innovation in law – it takes “sweat, risk and stubbornness”
The founder of pioneering alternative business structure rradar has described innovation in the legal sector as “sweat, risk and stubbornness”. It is now lining up acquisitions to aid growth.
Manchester law firm bought by global multi-disciplinary network
Manchester law firm Glaisyers is set to become a multi-disciplinary practice for SME clients after being acquired by a consortium led by an international network of professional service firms.
Latest reorganisation seeks to build “Future Law Society”
The Law Society is undergoing its latest internal reorganisation, with the aim of creating “the Future Law Society” by 2022. It also wants solicitors to focus on work that cannot be automated.
Another acquisition for Simpson Millar as growth strategy kicks in
Private equity-owned national firm Simpson Millar has increased its staff to over 500 and extended its reach in the North-West with the acquisition of a Lancaster-based general practice.
London law firm in employee ownership first
Hodge Jones & Allen has become the first law firm to be entirely owned by its employees like retailer John Lewis after its equity partners agreed to sell the business to an employee ownership trust.
Big Four accountants “a force that no law firm can match”
Sir Nigel Knowles has warned the top commercial law firms that the big four accountants are “a force that no law firm can match” in their ability to invest in capital projects.
Dispute with ATE insurer sent PE-backed law firm insolvent
A dispute with its former after-the-event insurer was the key factor in private equity-backed Roberts Jackson becoming insolvent and being sold in a pre-pack, it has emerged.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
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