Legal Services Act
Quindell: no reason for share price plummet
AIM-listed alternative business structure Quindell Portfolio has been forced to issue a statement that it knows of “no valid reason” for the sudden 45% fall in its share price. It was trading at 13.25p at the end of last week, but since issuing its 2012 results on Tuesday, the price had fallen to 7.34p.
To be an ABS, or not to be: Shakespeares becomes one of largest firms to gain licence
National firm Shakespeares has become one of the largest law firms to date to become an alternative business structure. The ambitious firm, led by chief executive Paul Wilson, has been on the acquisition trail in the last five years, with six mergers.
Number of CLC-regulated ABSs reaches 35
The number of alternative business structures approved by the Council for Licensed Conveyancers has risen to 35 in recent weeks, but several of the new licensees have branded the process as “unnecessary” and delivering “no benefit” to their businesses.
PI diversification continues as Antony Hodari snaps up Tandem Law
North-west firm Antony Hodari has purchased litigation specialist Tandem Law in further evidence of personal injury practices diversifying in the wake of the Legal Aid, Sentencing and Punishment of Offenders Act 2012 coming into force.
Slater & Gordon to stump up £23m for triple acquisition
Slater & Gordon (S&G) is paying around £23m for its triple law firm acquisition, with more deals likely over the next 18 months, it has emerged. It said successful integration of the three will make a “significant contribution to the financial performance of S&G’s UK operations”.
Slater & Gordon makes its personal injury play with trio of acquisitions
Slater & Gordon has today made its move to become a dominant player in the consumer legal market – and particularly personal injury (PI) – by announcing deals to acquire national firm Simpson Millar, Liverpool-based Goodmans Law and the PI practice of Cambridge’s Taylor Vinters.
ABS Quindell posts 900% increase in turnover and profit
The massive acquisition programme of alternative business structure Quindell Portfolio plc – including three law firms – resulted in a 900% increase in turnover and profit in 2012, the company’s preliminary annual results have shown.
ABS acquires conveyancing firm to continue diversification strategy away from PI
Alternative business structure MTA Solicitors is continuing its move to diversify and expand its business beyond personal injury after acquiring volume property practice Solex Legal Services, Legal Futures can reveal.
LSB director questions independence of frontline regulators from the lawyers they oversee
The influence of lawyers and professional bodies on their frontline regulators is the biggest risk to independent regulation in the law, the strategy director of the Legal Services Board has claimed. Crispin Passmore said a combination of factors led him to “worry how independent regulation actually is”.
You ain’t seen nothing yet, says top banker, with flood of investment and mergers on way
There will be an “enormous amount” of external investment and merger activity in the legal market over the next 24 months, a leading investment banker has predicted. He said investment had only been held back by uncertainty in the volume market.
Blog
Five golden links for a caring Christmas and New Year
This time of year always sharpens thoughts about how we look after and support elderly clients and those, elderly or otherwise, who find themselves in vulnerable circumstances.
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.
