Market monitor
‘Justice campaign’ needs new approach, say experts
Lawyers have been urged to look at radical new approaches to ‘rebrand’ justice so as to build public and political understanding of its value.
£43m Ince deal to make Gordon Dadds biggest listed law firm
Gordon Dadds is set to become the largest listed law firm in the world by revenue after agreeing terms to acquire City practice Ince & Co for around £43m plus share options.
Biggest client’s “IT disaster” tipped firm into administration
A “disastrous IT failure” suffered by a law firm’s biggest client tipped it over the edge into administration and a pre-pack sale to fast-growing national firm Taylor Rose TTKW.
National chambers expands into Ireland as Brexit looms
National chambers Clerksroom has recruited two barristers based in County Mayo, Ireland, in expectation of a lot of legal work arising from Brexit.
Warning over Civil Liability Bill litigation risk
The government will need to fill in the detail of the Civil Liability Bill carefully to avoid a new outbreak of litigation because of claimants trying to “game the system”.
Civil Liability Bill clears Commons with no exemption for children
The Civil Liability Bill completed its passage through the House of Commons yesterday, with MPs voting by 294 to 238 to approve its third reading amid “enormous respect” for PI lawyers.
Brexit will not help law firms trying to expand abroad, MPs told
Brexit will not create opportunities for law firms to expand into new markets abroad and instead could make it harder, MPs on the justice select committee have been warned.
Civil Liability Bill “undermines Lord Chancellor’s oath of office”
The Civil Liability Bill seriously undermines the oath sworn by Lord Chancellor David Gauke to defend the independence of the judiciary, claimant lawyers have argued.
MPs warn of “devastating impact” on law firms of no-deal Brexit
A ‘no deal’ Brexit would be “devastating” to the legal services sector, “and should be avoided at all costs”, MPs have told the government, saying UK lawyers need to practise easily across the EU.
Law firms look to leverage data in battle with new providers
Law firms big and small are increasingly viewing AI software and particularly the exploitation of data as integral to business health amid growing competition from non-lawyer providers.
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.
