Legal Services Act
More listed law firms to come as sector “outperforms market”
The listed legal sector is a “clear outperformer” against broader markets, with “many more” law firms – both corporate and consumer – likely to come to market, a new analysis has found.
Personal injury ABS joint venture collapses
The joint venture between NAHL plc – which owns marketing network National Accident Helpline – and Bristol-based law firm Lyons Davidson has collapsed, it emerged today.
US-owned London ABS grows European client base
A US-based legal services provider with a London-based alternative business structure focused on processing routine contract documents is steadily building its European client base.
PI firm which diversified could quadruple in size
A former specialist personal injury firm which has diversified into other kinds of volume litigation could quadruple in size by the end of next year.
BSB and SRA in firing line over shortcomings
The Bar Standards Board has been told that it needs to act more quickly on how it plans to educate the public about barristers after its widely criticised decision to stop funding Legal Choices.
F4L unveils referral fee-compliant ‘pay per enquiry’ model
Marketing collective First4Lawyers has unveiled a new lead generation model that it says allows firms to pay a fee per enquiry while complying with the referral fee ban.
LeO asks for another £2.4m to “eliminate” waiting time
The Legal Ombudsman is seeking to increase its budget by 20% in the next financial year to “radically” improve the time it takes to deal with complaints and “eliminate all unnecessary waiting time”.
MoJ’s bill for part-time judges’ pensions “could reach £1bn”
The Ministry of Justice – whose budget has faced major cuts over the past decade – faces having to pay up to £1bn in pensions for part-time judges, according to the claimants’ solicitors.
Newly listed law firm raises £31m for growth plan
The seventh law firm to list – although it describes itself as an asset management consultancy – raised £31.4m as its shares began trading last week. MJ Hudson had a market capitalisation of £98m.
Bar Council chair: I’m no apologist for Chinese regime
The chairman of the Bar Council has hit back at criticism of his attendance at a Chinese legal conference that did not address human rights in the country, saying he was “not an apologist for the Chinese regime”.
Blog
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.
Why this is the year for law firms to embrace generative AI
After more than a year of pilots, proofs of value and early experimentation, firms are increasingly embedding AI into day-to-day workflows.
Client account interest is not spare change
The proposed Interest on Lawyers’ Client Accounts scheme is being framed as a sensible, international, “tried and tested” way for the profession to help fund a justice system under strain.
