Legal Services Act
“I want to dominate the market,” says entrepreneur as he secures £12m funding for clin neg ABS
An entrepreneur has revealed plans to combine a claims management company, a consumer website and the clinical negligence department of a top 100 firm to form a market-dominating alternative business structure.
Conveyancers overtake family lawyers in complaints league table
Conveyancers have usurped family lawyers as the main cause of complaints to the Legal Ombudsman, its annual report has revealed. But it also urged lawyers to think twice before pushing for formal decisions rather than accepting informal resolutions to complaints.
International insurance group to launch ABS for corporate clients
Thomas Miller, an international group of companies providing specialist insurance, investment and professional services, is to launch an alternative business structure next month.
LeO recruits team of 30 to tackle claims management complaints
The Legal Ombudsman has recruited a team of 30 to deal with the thousands of complaints about claims management companies it will receive from today, it has emerged.
Lord Chief Justice calls for independent review of legal market
There needs to be an independent review of the operation of the legal market to investigate whether the Legal Services Act 2007 is working and why fees have not fallen in the light of greater competition, the Lord Chief Justice said today.
Top 200 expect more consolidation – even though most think mergers to date have not succeeded
Fewer than half of managing partners at the top 200 law firms think that recent mergers in the market have been successes, new research has found – even though most expect major consolidation in the next two years.
Innovative flight claims practice completes 10,000th case in less than two years
The innovative flight delay compensation claim practice launched by Cheshire alternative business structure Bott & Co nearly two years ago has just completed its 10,000th successful claim – and has a further 20,000 clients going through its system.
Quindell in talks to sell legal services arm to Slater & Gordon
Alternative business structure Quindell is in talks to sell an operating division to Slater & Gordon, it was announced yesterday, while due diligence on personal injury file transfers is currently underway.
Rowlands: SRA must focus on “job in hand” and not worry about single regulator
Enid Rowlands, new chair of the Solicitors Regulation Authority, has said the regulator should “focus on the job in hand” and not waste time worrying about whether there should be a single regulator.
Gunnercooke-backed Ignition Law launches with start-ups and SMEs in its sights
A new firm which aims to break the mould of advice to start-ups and SMEs by recruiting lawyers who run their own businesses has opened in London. It is operating as a trading name of ‘virtual firm’ gunnercooke
Blog
Amplifying reach through employee-driven thought leadership
Nine in 10 executives believe thought leadership is critical to building authority, yet only a quarter feel they have implemented a robust strategy.
Divorce escrow: asset sales before final settlement
When significant matrimonial assets are sold before a final financial order is agreed, holding the proceeds safely and neutrally can present real practical challenges.
AML lacks clarity – and standards are suffering
If firms are buckling under the pressure of AML regulations, subject to ever-increasing fines, then something is clearly not working as it should be.
