Market monitor

Consolidator Metamorph Law has made its second acquisition this year – and eighth in total in a little over three years – as several other mergers and acquisitions have also been unveiled.

A leading law firm specialising in payment protection insurance cases – one of which led to a landmark Supreme Court decision – has gone out of business.

Law firm consolidator AWH Legal – which says it plans £100m worth of acquisitions in the next two years – has made its first purchase outside of personal injury.

Current and former partners of what was Ince & Co have made claims of nearly £16m to its administrators.
However, there is no indication that these claims will be satisfied anywhere near in full.

Four law firms have so far signed up to a groundbreaking consortium marketing for litigation work that also involves block-rated ‘day one’ after-the-event insurance for commercial work.

Four leading legal charities have urged the government to delay next year’s whiplash reforms over fears that litigants in person and the organisations supporting them will be overwhelmed by the new regime.

Registered European lawyers will have a grace period until the end of next year to sort out how they will continue to practise in the UK, even if there is a no-deal Brexit, the government said last week.

Shares in Anexo Group, the AIM-listed business that owns Liverpool law firm Bond Turner, reached a new high yesterday after announcing that it expected profits to exceed market expectations.

Slater & Gordon – the first law firm owned by a hedge fund – made a small profit in its first year of independence from its one-time Australian parent, it revealed yesterday.

The Law Society is warning that turnover from legal services would slump by £3.5bn in the event of a no-deal Brexit. It was particularly concerned about the fate of future UK lawyers.