Legal Services Act
Law firm merger advisers team up to form association
A law firm that helps solicitors buying, selling or merging their practices has teamed up with accountants and consultants in the sector to launch a new association for advisers.
Global law company seeks more purchases after buying UK firm
Global law company Elevate is looking for more acquisitions this year after buying pioneering UK commercial law firm Halebury, which uses freelance lawyers to support in-house teams.
Young lawyers “fearful of innovation resistance”
Almost half of young lawyers see resistance to innovation by their firms as the biggest threat to the profession, according to a survey. Meanwhile, salaries for trainee solicitors are on the rise.
No TUPE protection for most staff shed in Lawyers Inc takeover
Only five out of 22 lawyers and staff who lost their jobs when Hull firm Ingrams collapsed were protected by the TUPE regulations when the firm was effectively taken over by an innovative ABS.
Gateley set to become first listed law firm with £100m revenue
Pioneering law firm Gateley is on track to become the first listed legal business to hit the £100m turnover mark, with double-digit growth across all financial indicators in the first half of its financial year
Listed legal businesses buck downward market trend
Several listed legal businesses bucked the downward trend of the stock market in 2018, with ‘challenger’ firm Keystone Law the standout performer, a Legal Futures analysis has shown.
Consumer panel attacks BSB over price transparency
Access to justice includes information about lawyers’ fees, the Legal Services Consumer Panel has told the Bar Standards Board. It also called for more focus on barristers’ communication skills.
Gordon Dadds unveils slimmed-down £27m deal for Ince
Listed law firm Gordon Dadds has unveiled a stripped-down deal to acquire Ince & Co that has seen it buy the UK business for £27m, along with a “refined” acquisition strategy.
Demand for pro bono advice “continues to rise”
The work of pro bono clinics continues to rise, the charity LawWorks has reported, as it argued the case for giving people early access to legal help. It also warned about the risk of digital exclusion.
Exclusive: Simpson Millar owner eyes further law firm investments
The owner of national law firm Simpson Millar is eyeing up further investments, its founder has revealed. It has set up a separate company to make equity investments in law firms.
Blog
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
