Legal Services Act

West Midlands firm Talbots – a stalwart of the QualitySolicitors network – has announced that it is leaving the group in May. Chief executive Mary Mocklow said Talbots would compete better as an independent law firm.

Slater & Gordon failed to carry out good enough due diligence checks before buying Quindell’s professional services division this time last year, a partner at the UK’s first listed law firm has suggested. Andrew Evans, partner at Gateley, said S&G paid “far too much”.

Fairpoint Group plc – the one-time debt management operation that has transformed into a mainly legal services operation – has reported a “strong financial performance” for 2015 and plans to keep growing in 2016. Meanwhile, turnover at Minster Law, which is owned by BGL Group, more than halved.

The government review of the Legal Services Act needs to give clients of unregulated providers access to the Legal Ombudsman so as to close off a “competitive advantage” enjoyed by those that are regulated, the complaints body said this week.

A City solicitor who qualified at Ashurst has set up a contract lawyer and paralegal matching service designed particularly for firms needing help with e-discovery. Toby Gascoyne said the web platform was currently working with three law firms and around 100 lawyers and paralegals.

A property management firm specialising in residential blocks of flats has turned itself into an alternative business structure, in what is understood to be first move of its kind. “At the moment we’re a property management company with a legal capacity. In 10 years’ time, it is likely to be the other way round,” said director Matthew Young.

Britain’s changing demographics will mean a huge shift in demand for legal services, towards managing the wealth and lives of the growing proportion of elderly people in the population, according to a study forecasting legal needs in 2025.

In the event a large firm collapses, the Solicitors Regulation Authority expects the market to “gobble” up the pieces rather than leave it to the regulator to sort out, it has emerged. Chief executive Paul Philip said the question of whether the regulator could cope with a large firm going down had been discussed internally.

The law firm owned by global insurance giant Markel relaunched this week with a product that unbundles legal advice for small and medium-sized businesses. LHS Solicitors offers a £50 ‘quick review’ service that allows clients to post relevant documents online, if necessary, and then receive an advice call within two hours.

One Legal’s acquisition of Kaim Todner sets the foundation for further deals on the back of “significant investment” it has received to expand, the alternative business structure’s founder has said. Trevor Howarth, who shot to prominence as the boss of now-defunct Stobart Barristers, also did not resile from his controversial description of criminal legal aid firms as “very wounded animals ready to die”.