Market monitor
Strong results for Gordon Dadds as listed firm plots international growth
Gordon Dadds Group, the law firm acquisition vehicle, has unveiled strong results for its first year as a listed company and announced its first international expansion, into Hong Kong.
Labour pledges small claims limit fight as Civil Liability Bill moves to Commons
The Civil Liability Bill completed its passage through the House of Lords yesterday with Labour saying that it would continue to oppose increases in the small claims limit for personal injury cases.
Knights raises £50m from “oversubscribed” IPO
Regional law firm Knights has raised £50m from its initial public offering, valuing the company at £103.5m when it starts trading on AIM on Friday.
Green light for Deloitte expansion after SRA issues ABS licence
Deloitte has been awarded its alternative business structure licence, some five months after announcing that it was to become the last of the Big Four accountancy firms to offer reserved legal activities.
Latest legal PLC says PI reforms will be good for business
The newest legal business to list on the stock exchange saw its shares rise 7.5% on admission yesterday as it predicted that it would benefit from the government’s proposed personal injury reforms.
Former hedge fund manager invests in law firm to challenge status quo
A former hedge fund boss who wants a better service for those needing family law services is backing a multi-disciplinary law firm aimed at high net-worth individuals and family offices.
History as women become majority of solicitors – but still lag badly at partner level
Women have become the majority of practising solicitors for the first time, but men are still twice as likely to be partners, according to new figures.
Law firms “complacent” about market changes, says bellwether report
Law firms are at risk of being overtaken by changes in the legal marketplace if they do not rethink how their businesses are run, according to a new survey.
Credit hire and legal services group set to raise £25m from listing
A group bringing together credit hire and legal services is to list on the stock exchange this week. Anexo Group has recently obtained an ABS licence.
DWF weighing up £600m listing on stock exchange
Top-25 practice DWF is considering whether to become by far the largest law firm to list on the London Stock Exchange, it emerged today. The move would galvanise interest in law firms going public.
Blog
Modern search is about ‘knowledge’ retrieval
Search has long been understood as data retrieval – the ability to call back information and check a box on finding something. Legal professionals today need more of a 360-degree view on a matter.
Lessons from Sir Keir Starmer for SRA chief
The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.
The hidden risks in client account reconciliations
The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.
