Market monitor

High Court rejects judges’ complaints about online divorce service

21 January 2020

The High Court has granted declarations that an online service has not broken conflict of interest rules or the Legal Services Act by helping divorcing couples draft their own documents and not use lawyers.

Keoghs’ PE investor exits after insurance industry sale

21 January 2020

Leading insurance law firm Keoghs – which has enjoyed private equity investment for seven years – is to be bought by a private equity-backed professional services and technology business.

Wellbeing and cost of practice worrying barristers

20 January 2020

Experienced barristers are largely confident for their own futures but face challenges around wellbeing, the rising cost of doing business and the late payment of fees, a major survey has found.

MoJ: Still no whiplash rules but April remains the plan

17 January 2020

The Ministry of Justice continues to insist that the whiplash reforms will come into force in April, even though the rules which will enable lawyers and compensators to prepare have still not been published.

Knights enters Yorkshire as firms line up to be bought

16 January 2020

Fast-growing listed law firm Knights is moving into Yorkshire this month as its chief executive says he is receiving an increasing number of approaching from potential acquisitions.

Big law firms having to become multi-disciplinary, report finds

16 January 2020

The biggest international law firms being driven by their clients towards a multi-disciplinary “integrated solutions” approach to delivering legal services, a report has found. But it won’t be easy.

Ince set to raise £16m to fuel growth

15 January 2020

Listed law firm Ince Group raised £12m through a placing today – with a further £4m in the pipeline – in a bid to support growth and its balance sheet, but saw its share price crash as a result.

Pioneering listed law firm and staff reap rewards

14 January 2020

The country’s first listed law firm will continue to diversify its offering, it said today as it unveiled a strong set of half-year results that showed how partners and staff are benefiting too.

Barristers to lose out from Iraq claims firm’s liquidation

13 January 2020

Barristers instructed by now-defunct Birmingham law firm Public Interest Lawyers are set to lose out significantly from its liquidation, although its collapse may yet spark legal action.

New ABS aims to improve on fee-share model

10 January 2020

The founders of a new consultant-led law firm are aiming to challenge not only the traditional law firm model but also the current fee-share models which have evolved over recent years.

City firms risk breaking rules with onshore centres

9 January 2020

City firms with ‘onshore’ offices in cities such as Belfast and Manchester are breaking professional rules by not making it clear to clients where the work is being done, groundbreaking research has suggested.

PI firm saved in pre-pack sale amid merger deals

8 January 2020

A personal injury law firm in Preston has been saved following its sale out of a pre-pack administration as the weeks before Christmas saw more mergers around the country.

Strong year for Law PLC as most firms’ shares surge

6 January 2020

Several listed legal businesses surged ahead of the market during 2019, with regional law firm Knights providing investors with a particularly rich return, a Legal Futures analysis has shown.

Knights continues acquisition spree

6 January 2020

Knights has unveiled the sixth acquisition in its 18 months as a listed firm to boost its recently established presence in Birmingham. Fellow listed firm Rosenblatt has hired a former Met Police commissioner.

More listed law firms to come as sector “outperforms market”

23 December 2019

The listed legal sector is a “clear outperformer” against broader markets, with “many more” law firms – both corporate and consumer – likely to come to market, a new analysis has found.

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16 January 2020

Making Tax Digital throws spotlight on outdated legal IT systems

The first year of Making Tax Digital for VAT, known as the soft landing period, ends this April. During these first 12 months, firms without a compliant legal accounts package have used bridging software.

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