Legal Services Act
Latest council to head for ABS status highlights growth potential
A local authority legal department which recently warned that council lawyers are being forced to set up alternative business structures by restrictive rules on in-house practice, has won backing to do just that. Essex Legal Services predicted that it could make an additional surplus of £1.8m by 2020.
Autumn merger mania strikes again up and down the land
Mergers have been unveiled across the country in recent days, with firms of all sizes and practice areas choosing to join forces. There is usually a rush of mergers each year timed to coincide with the 30 September deadline to secure professional indemnity insurance, and 2015 has proven no different.
Short-term Brexit “bonanza” would be followed by drought, City lawyers tell Law Society
Any short-term “bonanza” in legal work triggered by Britain’s exit from the EU would be followed by a drought, City lawyers have warned in a report by the Law Society. The society highlighted the impact on England and Wales as a centre of international dispute resolution.
Barristers shunning litigation rights but recording successes with public access
Barristers are shunning the chance to go into direct competition with solicitors and conduct litigation for clients in addition to their advocacy, it has emerged. Delegates at Saturday’s Bar conference also heard that while public access also remains “under the radar”, there is evidence of clients preferring the cheaper option of going direct to a barrister.
Big firms “recognise the threat” of market disruptors, but not many are responding to it
Most of the top 100 law firms now recognise ‘the need to respond to the digital age’ in the face of market disruptors, but less than a quarter have actually done so, accountants PwC have found.
Exclusive: Blame game after MoJ officials wrongly tell MPs that ex-chief ombudsman was sacked
Ministry of Justice (MoJ) officials were wrong to tell MPs this week that the former Chief Legal Ombudsman, Adam Sampson, was dismissed from his post. The MoJ has sought to blame the Office of Legal Complaints – the board that oversees the Legal Ombudsman service – for the error.
Philip: If it’s a new law firm, it should be an ABS
There is no reason why solicitors setting up a new law firm should not do so as an alternative business structure, the chief executive of the Solicitors Regulation Authority has said. Mr Philip predicted that solicitors would in the future be ” business people first”.
Acquisition number 3 for National Accident Helpline as it targets serious injury claims
National Accident Helpline (NAH) has announced its third and largest acquisition since becoming a listed company, after agreeing to buy Bush & Company Rehabilitation Ltd for £28m. It announced a placing of new shares to raise £14.2m, which will part fund the cash consideration for the deal.
Exclusive: More ombudsmen for LeO in bid to improve quality of complaints handling
The Legal Ombudsman (LeO) is to recruit more ombudsmen to triage complaints against lawyers in a major reorganisation that aims to improve the quality of its decision making, Legal Futures can reveal. Steve Green, chairman of the Office for Legal Complaints – the body that oversees LeO – admitted that “speed had got out of kilter with quality”.
First “teaching law firm” for students granted ABS licence
Nottingham Law School has created the first “teaching law firm” for students after being granted an alternative business structure licence by the Solicitors Regulation Authority. It will allow students to work in its Legal Advice Centre as a fully regulated organisation as part of their studies.












