Market monitor

Plexus chief: PE investment is “entirely different” this time

16 April 2019

The recent cash injection into Plexus Law is “an entirely different deal in entirely different circumstances” from its failed first foray into private equity backing, its chief executive has said.

UK “dependent on EU” for liberalisation of legal services

16 April 2019

The UK has been “dependent on the EU” for the liberalisation of legal services around the world and will struggle to match this post-Brexit, MPs have been warned.

Union rallies lawyers to fight “poverty pay” in legal sector

16 April 2019

The legal sector is “riddled with poverty pay and huge wage inequality and junior workers are bearing the brunt”, a trade union has claimed as it bids to attract members from across the legal sector

Mid-sized law firms recording solid growth, major survey finds

12 April 2019

Last year saw solid real-terms growth for mid-sized law firms, with median growth of 4.2% the result of increased fee income rather than simply more fee-earners, new figures have shown.

Law firm insolvencies hit new high amid ‘loan stacking’ warning

10 April 2019

The number of insolvencies among solicitors’ firms reached a new high last year, Insolvency Service figures have shown, and a funder has warned that ‘loan stacking’ will only make things worse.

Anexo pledges to keep growing law firm after strong results

10 April 2019

Anexo Group, the AIM-listed credit hire and legal services business, announced annual results yesterday ahead of market expectations and declared its intention to keep growing the law firm it owns.

Co-op sees legal services turnover and profit soar

9 April 2019

The Co-operative – now the UK’s largest provider of probate – recorded a 37% rise in turnover from legal services in 2018, and a 53% jump in profit. Meanwhile, Ince Gordon Dadds has bought another firm.

Carbon opens door for retiring partners to sell client portfolios

8 April 2019

New-breed firm Carbon Law Partners has introduced a structure to help senior lawyers realise the economic value of their client base so they can retire, in a way that is not possible in traditional firms.

Gordon Dadds share price rallies after international network deal

5 April 2019

Gordon Dadds saw its share price rebound for its lowest ever point after announcing an agreement to work with five of the law firms that used to be part of the Ince & Co international network.

EY ramps up legal services offering with Thomson Reuters deal

4 April 2019

Big 4 firm EY has thrust another huge stake into the legal profession’s ground by acquiring Thomson Reuters’ Pangea3 Legal Managed Services business, eight months on from buying Riverview Law.

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18 April 2019

Protectionism: Is it really all that bad?

So we are about to launch head first in to another great legal services experiment. Away with all those restrictive practices that successive governments consider so heinous. All hail innovation and market forces.

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