Market monitor

MoJ offers some financial support for legal aid firms

3 April 2020

The Ministry of Justice has introduced economic help for legal aid firms, making hardship payments easier to access and pausing debt repayments to the Legal Aid Agency.

Most chambers “face collapse” without government cash

3 April 2020

More than half of barristers’ chambers will go out of business within six months if they do not receive financial support from the government during the coronavirus crisis, the Bar Council has warned.

Week one of lockdown: new enquiries dived, furloughing began

2 April 2020

The first week of the coronavirus lockdown saw new enquiries fall by up to 60% and firms start furloughing staff at once, research by a leading consultant has found. But they are “up for the fight”.

Exclusive: SRA to regulate National Accident Helpline

2 April 2020

National Accident Helpline is giving up its authorisation as a claims management company and will in future be overseen by the Solicitors Regulation Authority, Legal Futures can reveal.

Simpson Millar buys PI practices and is on the hunt for more

2 April 2020

National law firm Simpson Millar has demonstrated its confidence in the post-coronavirus future by buying its second personal injury book of business in the past few months and targeting more.

Conveyancing groups issue contract variation guidance

30 March 2020

Organisations representing conveyancers have joined forces to issue guidance on handling matters during the coronavirus pandemic, including how to vary completion dates.

Barristers urged to join Covid-19 pro bono panel

27 March 2020

National chambers Clerksroom is rallying barristers to volunteer for a new pro bono scheme to help keyworkers and struggling businesses affected by the coronavirus pandemic obtain legal advice.

DWF seeks extra “headroom” from lenders

27 March 2020

DWF – the world’s largest listed law firm – is to seek more “headroom” from its lenders as a precaution to help deal with the impact of the coronavirus pandemic.

Government tells conveyancers to delay completions

27 March 2020

Conveyancers should continue to support the sales process “as far as possible” but look to change dates of completion during the lockdown, the government said yesterday.

Knights cuts staff pay as Ince cancels dividend

26 March 2020

National firm Knights is to cut the salaries of all staff earning over £30,000 and has started a redundancy exercise, while fellow listed law firm Ince has cancelled its dividend payout.

Conveyancing: Government urges home movers to delay

26 March 2020

The government has urged home buyers and renters to delay moving to a new house if possible during the coronavirus lockdown and said there must be social distancing if they cannot.

Calls to protect criminal solicitors, pupils and LPC students

25 March 2020

Criminal defence solicitors have threatened to stop attending police stations and a protocol to protect pupil barristers was published among efforts to protect the profession during the pandemic.

Gateley ditches dividend payout to protect liquidity

25 March 2020

Listed law firm Gateley yesterday cancelled a dividend payout to ensure its short-term liquidity in the face of the Covid-19 pandemic.

Lord Chancellor praises lawyers’ “heroic” efforts

25 March 2020

The Lord Chancellor Robert Buckland yesterday praised lawyers for their “heroic efforts” in trying to keep trials going, but said the government was being criticised too harshly.

Time for Scotland to embrace ABSs, says watchdog

25 March 2020

The Competition and Markets Authority has called for alternative business structures to be allowed in Scotland, and for a shift to the independent regulation of lawyers.

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3 April 2020

In challenging times, should you move to the cloud?

Having a cloud-based system can provide workers with incredible flexibility. However, there are many things that a firm should be aware of before making the transition to the cloud.

Read More