Legal Services Act
Asons creditors owed £28m as liquidators bring claim over sale
The liquidators of Asons are suing its successor practice, alleging that the controversial law firm was sold at an undervalue, it has emerged. Unsecured creditors have so far claimed they are owned some £28m.
Lawyers catalogue problems with whiplash portal build
Solicitors have criticised the Ministry of Justice for cutting corners in developing the new whiplash portal “in order to meet the politically driven deadline of April 2020” – and suggested it still cannot be met.
Insurers agree to be bound by ADR in new whiplash system
Defendant insurers have agreed to be bound by the outcome of the alternative dispute resolution process being built into the new whiplash system, it has emerged.
MIB gives first sight of “customer journey” in whiplash portal
The Motor Insurers Bureau has laid out a draft “customer journey” for those bringing claims through the new whiplash portal from next April, which it said should help law firms develop their own systems.
Terry wins Quindell tax indemnity battle
The founder of Quindell has won a High Court battle to have his old company pay a £1m tax bill incurred when it reversed into another business to become listed.
Slater & Gordon’s £637m Quindell case grinds towards trial
The trial of Slater & Gordon’s £637m claim over its acquisition of Quindell’s professional services division is set for October as the two sides continue also to argue over consideration still owing.
Exclusive: Conveyancing firm offers guaranteed time to exchange
A groundbreaking conveyancing business offering a guaranteed time to exchange and encourages instructions from both sides of a transaction goes live this week, Legal Futures can reveal.
DWF records strong first year as listed company
DWF, the world’s largest listed law firm, told investors today that it expects its 2018/19 revenues to be up by at least 15%. Meanwhile, fellow listed firm Ince Gordon Dadds has unveiled new branding.
Number of PI claims “largely static” over past year
The number of personal injury claims registered with the Compensation Recovery Unit increased marginally over the last year, but still remain low compared to recent history.
Consumers see technology as key to unlocking access to law
A majority of people in England and Wales think the legal system is not set up for ordinary people, with only half seeking advice from a lawyer when faced with a legal problem, new research has found.
Blog
From text to world: The legal significance of multimodal AI
The next phase of AI, already underway, will integrate text with vision, sound, motion and even touch. This will produce systems that no longer ‘read about’ the world but perceive it.
The new leaders of law
Where once many law firm owners remained technology sceptics, a growing number are now shaped by leaders who are digitally fluent and commercially oriented.
Managing lock-up, cash flow and billing inefficiencies better
If law firms view lock-up, cash flow and billing processes as key indicators of financial performance – and therefore risk – they can identify problems early.
