Market monitor

Government “unlikely” to hit April 2019 target for PI small claims limit as solicitor warns of “have a go” culture

David Bott PIF 2017

One of the claimant solicitors working with the Ministry of Justice on the new small claims limit for personal injury cases says he is operating on the assumption that it will not happen until October 2019 at the earliest – six months later than the government’s target. He also warned that the reforms may unintentionally trigger a “have a go” culture among claimants.

April 18th, 2018

Criminal defence lawyers face “extinction” as profession unites to fight for justice system

Law Society

Criminal defence lawyers in England and Wales could become “extinct”, the Law Society has warned on the back of data showing that this is an increasingly ageing part of the profession. It comes amid cross-profession unity for action over the huge damage lawyers say the government is causing the criminal justice system.

April 17th, 2018

New BSB-regulated firm targets young barristers and solicitors

Roshini Patel

A new law firm regulated by the Bar Standards Board aims to attract young barristers and solicitors interested in working together. Black Antelope Law is made up of two barristers, both of whom work on a direct access basis, and two solicitors. The lawyers work partly from home.

April 12th, 2018

Making conveyancing ‘easy’ – Sir Stelios enters legal market

Sir Stelios Haji-Ioannou

The founder of easyJet has entered the legal world today with the launch of easyConveyance, a conveyancing comparison tool. Sir Stelios Haji-Ioannou said it was “time for the home buying process to be brought into the 21st century”.

April 11th, 2018

CMCs warned over “misleading headlines” in clickbait advertisements as directors are banned

Internet connection

Claims management companies have been warned by their regulator not to use “misleading headlines” or “sensational language” in clickbait-style advertisements. Meanwhile, two directors of CMCs that made misleading sales calls and took unauthorised payments, have been disqualified by the High Court.

April 11th, 2018

Report predicts increased demand for commercial lawyers

handshake

The value of the business legal services market will grow strongly over the next couple of years, powered partly by Brexit, a report has predicted. It also highlighted the importance of networking for commercial lawyers, with businesses large and small actively attending client seminars and other events.

April 10th, 2018

Government targets referral fee transparency and conveyancers publishing performance data

for sale sign

Estate agents will need to be more transparent over referral fees they receive from lawyers, while conveyancers will have to publish performance data, the government has decreed. It will also demand that conveyancers adopt more quality standards as part of a continuing push to help potential clients choose their lawyer.

April 9th, 2018

Turnover up at Co-op Legal as it unveils Simplify Probate acquisition

Lindsay Fowke

The Co-op has acquired Simplify Probate, the UK’s second largest provider of probate, as it bids to become the dominant player in the market. It has also unveiled a 13.6% increase in legal services turnover for 2017 and announced a strategic alliance with the Simplify Group for property and conveyancing services.

April 6th, 2018

Biggest companies turning away from large law firms, spending analysis finds

Bill Brooks Globality

Multinational companies with turnovers of over $1bn are spending less than half their external legal budgets on large law firms, a report has indicated. The survey found that specialist firms accounted on average for 28% of their budgets, while freelance contributors and consultants took 18% and online platforms 13%.

April 5th, 2018

Whiplash reforms could cost claimant lawyers £80m, government says

Man Helps Injured Woman with her Neck Brace

The whiplash reforms could cost claimant lawyers £80m in lost fees a year, the Ministry of Justice said yesterday as it unveiled its final impact assessment of the changes contained in the Civil Liability Bill. It also projected that they would cost claimants £990m in lost compensation and having to pay legal fees out of their damages.

March 22nd, 2018