Legal Services Act
Listed legal businesses power ahead of stock market in first half of 2018
Most listed UK businesses with a strong legal element are beating the market so far this year, with Keystone Law’s share price rocketing, a Legal Futures analysis has found.
Solicitors are now “dairy farmers” of PI market as numbers fall
The number of law firms specialising in personal injury work has fallen by 10% over the past two years, with one practitioner describing solicitors now as the “dairy farmers” of the market due to their declining influence.
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.
New chair of Legal Services Board named 14 months after last one left
The Legal Services Board finally has a permanent chair after Dr Helen Phillips was given an unprecedented five-year term, while the Law Society finally has a permanent CEO.
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.
Law Society censure “shows that LSB governance rules work”
The Legal Services Board’s public censure of the Law Society last month is evidence that its rules on regulatory independence do not need tightening, the Bar Council has argued.
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.
Blog
It’s time for law firms to ask tougher questions
For years, many law firms have treated ID verification as a box-ticking exercise. Run a liveness check, match a face to a document and move on. But that is no longer good enough.
Business fatigue to AI will risk job security
Whilst we know professional learning has always been part of career paths, to hire, retain and keep talent, AI needs to be embedded as a core part of this training.
On good authority? GenAI and the reputational risks to law firms
As GenAI’s influence grows, so do the risks which are already playing out in courtrooms across England and Wales, where some early adopters are setting precedents they would rather not.
