Legal Services Act
There is “much to celebrate” from the first decade of the Legal Services Act but the basic legal needs of many citizens are still not being met, the Legal Services Board said today.
The Legal Ombudsman’s first ever in-year call for supplementary budget, seeking an extra £344,000, has gone to the Lord Chancellor for approval after being given the green light by the Legal Services Board.
Listed law firm Knights has returned to the acquisition trail and its strategy of targeting secondary legal locations by striking a deal to move into Exeter, while also reporting “robust” trading.
An alternative business structure which launched as a specialist conveyancing firm with three staff in March 2019 is aiming to hit 50 staff across a range of practice areas by the end of 2021.
Midlands-based law firm Shakespeare Martineau has outlined a strategy to attract mergers, acquisitions and hires to a “house of brands” and double in size by 2023.
Around a third of Gateley’s 1,000 staff have taken up options under the listed law firm’s latest save as you earn share scheme, while Ince Group has a new major shareholder.
The two lawyers behind Anexo Group – the listed business that owns leading PI law firm Bond Turner – are set to receive £46m after selling some of their shares to a private equity investor.
PI firm Express Solicitors has made good on its plan to buy practices looking to exit the market by buying a Liverpool firm, while another targeting motor claims has sold its clinical negligence practice.
This year’s indemnity insurance renewal season has not been as bad as some had predicted, but there has been an uptick in mergers and acquisitions, the SRA has revealed.
The Court of Appeal has refused a man leave to appeal his conviction on the ground that the jury may have felt under pressure to return a verdict because the coronavirus crisis was developing.
The change last year allowing solicitors to practise from unregulated businesses will force traditional law firms to improve their service offering, the Competition and Markets Authority has been told.
The traditional law firm model does not support entrepreneurs who want to build and sell a business, according to the solicitor who last week sold his company for £61m.
The Legal Ombudsman is planning a 19% increase in its budget for 2021/22, and a further 6% the year after, arguing the scheme is currently in an “unsustainable position”.
The alternative business structure owned by global insurance services firm Crawford & Company is expanding into Australia after buying up a leading defendant practice in the country.
Big Four firm Deloitte yesterday issued a statement of intent to the London legal market by announcing that it is to acquire leading technology and digital media law firm Kemp Little.
German investment bank Deutsche Bank recently recommended that those working remotely should pay more in taxes, saying it was a viable solution to create a more inclusive economy.
Attitudes to technology in access to justice might beneficially follow the trajectory of the earlier debate about the best way to deliver legal aid services.