market monitor

Latest legal PLC says PI reforms will be good for business

21 June 2018

The newest legal business to list on the stock exchange saw its shares rise 7.5% on admission yesterday as it predicted that it would benefit from the government’s proposed personal injury reforms.

Former hedge fund manager invests in law firm to challenge status quo

20 June 2018

A former hedge fund boss who wants a better service for those needing family law services is backing a multi-disciplinary law firm aimed at high net-worth individuals and family offices.

History as women become majority of solicitors – but still lag badly at partner level

19 June 2018

Women have become the majority of practising solicitors for the first time, but men are still twice as likely to be partners, according to new figures.

Law firms “complacent” about market changes, says bellwether report

19 June 2018

Law firms are at risk of being overtaken by changes in the legal marketplace if they do not rethink how their businesses are run, according to a new survey.

Credit hire and legal services group set to raise £25m from listing

18 June 2018

A group bringing together credit hire and legal services is to list on the stock exchange this week. Anexo Group has recently obtained an ABS licence.

DWF weighing up £600m listing on stock exchange

15 June 2018

Top-25 practice DWF is considering whether to become by far the largest law firm to list on the London Stock Exchange, it emerged today. The move would galvanise interest in law firms going public.

Government makes some concessions on Civil Liability Bill but defeats bid to remove damages tariff

13 June 2018

The government yesterday fought off efforts in the House of Lords led by former Lord Chief Justice Lord Woolf to remove the new compensation tariff that will govern whiplash injuries, although it has agreed that the Lord Chancellor should consult the Lord Chief Justice when setting it, in one of a series of relatively minor concessions.

Law firm insolvencies rising sharply, research finds

13 June 2018

Insolvencies in the legal sector are set to double this year if trends seen in the first quarter of 2018 continue, indicating a possible downturn in the fortunes of law firms, it has been claimed. The figures also indicate that law firms may be waiting too long before seeking help.

Let battle commence: Labour, Lib Dems and top judges bid to reduce impact of whiplash reforms

12 June 2018

Opposition peers and leading legal figures will today try and curb the government’s whiplash reforms as the Civil Liability Bill enters its crucial report stage. Following last month’s committee stage, during which amendments probed the government’s thinking but were not pushed to a vote, this is the day when peers will make changes to the bill, if at all.

52:48 again – criminal barristers vote to accept government legal aid deal

12 June 2018

The criminal Bar has narrowly voted to accept the government’s offer of £15m additional funding for the advocates’ graduated fee scheme, a result described as “neither a defeat nor a victory”. Some 1,566 (51.55%) barristers voted to accept and 1,472 (48.45%) voted to reject.

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20 June 2018

New tech on the block: what you need to know about blockchain

Blockchain. It’s been branded as the future of just about everything, and is soon expected to infiltrate all aspects of how we live our lives from banking, to tax returns to voting. But what is it, and how can it be used in property transactions?

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18 June 2018

Surely no one would do this?

It’s slightly tongue-in-cheek, but let’s see if we can design a business model that is doomed to struggle and which will ensure that we miss out on the profit and cash opportunities that come with providing high-value services at high prices in a near-monopoly situation.

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