Legal Services Act
Consumer law firms optimistic but fee pressure looms
Almost two-thirds of solicitors active in the main consumer law areas expect their workload to increase over the next year – but there is looming pressure on fees, a survey has found.
Redde sees 150% rise in profits from joint venture ABSs
Accident management group Redde plc – which owns NewLaw Solicitors – has seen profits from the law firm’s five alternative business structure joint ventures increase by nearly 150%.
Funder backs indebted PI firm to thrive after reforms
Leading funder Doorway Capital has expressed more confidence in the personal injury market by pulling a law firm out of a partnership voluntary arrangement.
Government spells out risk of no-deal Brexit to legal services
The government yesterday spelt out the potential impact of a no-deal Brexit on the legal services sector, saying that it risked a loss of market access and an increase in non-tariff barriers.
Private equity firm creates conveyancing giant
Leading private equity firm Palamon Capital Partners has acquired My Home Move to create by far the largest conveyancing business in the country with its existing investment, the Simplify Group.
Gateley directors and staff in £6m share sell-off
A group of internal shareholders at AIM-listed law firm Gateley have sold £6m worth of shares, it emerged last week. An accelerated bookbuild to institutional investors was announced and completed on Friday, with 13 directors and managers, along with the… Read More
Legal365 eyes expansion after winning EU trade mark claim
Yorkshire law firm LCF Law has protected its Legal365 brand after a Danish legal practice management software company tried to register it as a European trademark.
PI firms merge to take on 2020 reform upheaval
Personal injury firms in Sheffield and Macclesfield have merged and created a new alternative business structure as they bid to ride out the upheaval of next year’s reforms.
University creates ABS to fuse law degree with work experience
Sheffield Hallam University has set up a standalone law firm so it can offer a law degree that incorporates mandatory work experience into every year of the course.
“Time for quotas” to boost ranks of women partners
It is time to impose quotas on law firms for the number of women at both equity partner and management level as “years of talking” about diversity have failed to drive sufficient change.
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.
