Market monitor

Setfords – the consultant-led law firm with private equity backing – has secured its first-ever merger as it targets firms to speed up growth.

Unconscious bias in the legal profession against women is so deep-rooted that ‘NewLaw’ businesses trying to reshape legal services are just as affected.

Big Four accountancy firm EY made a major statement about its legal ambitions today by announcing its intention to buy Riverview Law, the innovative ABS.

The prospect of a ‘no deal’ for the law after Brexit – whether for practice rights or civil justice cooperation – is growing, the chairman of the Bar has warned.

LegalZoom, the US-based online legal services provider that owns an ABS, has received a $500m investment – believed to be the largest ever in the legal world.

Fast-growing alternative business structure Progeny Group has acquired its third wealth management firm in little more than a year, also launched a wide-ranging legal subscription service.

Some 35 Labour MPs have signed an early day motion in Parliament calling on the government to withdraw its planned increase in the small claims limit for personal injury.

Fundamental rights to legal advice and representation for people accused of crimes are at risk, the justice select committee has warned.

MPs on the justice select committee have called on the government to explain why it considers the proposed increase in the small claims limit to £5,000 “proportionate”.

A legal tech business spun out of a law firm run by a former City solicitor and his technologist brother has secured £3.1m in private equity investment.