Market monitor
Survey: Public happy to settle PI claims online without lawyers
The public would feel comfortable with using an online portal that resulted in a “straightforward settlement” of a personal injury claim without the need for lawyers.
Temperature starts to rise ahead of Civil Liability Bill debate
The rhetoric is heating up ahead of the second reading of the Civil Liability Bill in the House of Commons next week, with MASS, the ABI and the Labour Party all speaking out yesterday.
Client wins JR over fees on offer to his barristers
A man charged with a complex fraud has won a judicial review over the offer made by Legal Aid Agency for the fees of his preferred counsel.
“Challenger” conveyancing firms on the up, research finds
Conveyancing firms in the lower half of the top 100 – so-called ‘challenger’ firms – have seen the biggest increase in transactions in Q2 2018, the survey has found.
Hard Brexit “could cost legal sector £3bn”
A hard Brexit could cost the legal sector up to £3bn by 2025, the Law Society has estimated. This is despite a current increase in work preparing for the UK leaving the EU.
PI market “holding up” despite threat from reforms
The personal injury market is holding up, despite the threat of a “major decrease” in value if the whiplash reforms go ahead in 2020, new research has found.
Regional firm’s motoring law chatbot “first of many”
A regional law firm has launched a motoring law chatbot, with its solicitor creator saying he wanted to stop non-lawyers from deciding the direction of legal technology.
Bank backing for listed firm’s acquisition ambitions
Knights Group – the Staffordshire-based law firm that listed in June – has secured bank funding to support its strategy to complete at least three acquisitions by April 2020.
EY plots huge global expansion for Riverview
Riverview Law is set for a huge global expansion over the next five years once EY completes its acquisition, the partner who is to head the new business has said.
Free online wills “not trying to replace solicitors”
A company offering probate and funeral director broker services has insisted its free will service is not aimed at replacing solicitors where matters are complex.
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.
Reports
Associates
