Market monitor

ABS offers “litigation concession” inside law firms

27 January 2021

A joint venture alternative business structure specialising in dispute resolution for SMEs is launching a new service for law firms which it compares to “a concession in a department store”.

GCs at private equity firms “lack control of legal spending”

25 January 2021

Senior in-house lawyers at large private equity firms are responsible for the cost of instructing law firms but lack the power to control it, a study has found.

Barristers take on debt and other work to survive pandemic

22 January 2021

Six in 10 barristers, rising to 80% of those doing publicly funded work, have taken on personal debt or used savings to get through Covid-19, while a quarter have taken on additional paid work.

Knights aims to plug geographical gaps throughout UK

19 January 2021

The boss of listed law firm Knights has outlined his ambitions to continue expanding the business across England, with Wales, Scotland and Northern Ireland also in his sights.

SME firm eyes ABS licence to share fees with non-lawyer collaborators

18 January 2021

A law firm that works with non-legal businesses to offer SME clients a multi-disciplinary service is to convert to an alternative business structure so that they can share fees.

Commercial firm aims to create “biggest in-house chambers”

14 January 2021

Leading commercial firm DAC Beachcroft has launched an “in-house chambers” which plans to expand rapidly and become “the biggest of its kind” by end of the year.

From M&A to Malta: New Year brings host of law firm growth strategies

14 January 2021

The year has kicked off with a spate of law firm expansion activity, whether through mergers, huge team hires, file acquisitions or one Essex law firm maintaining EU links by opening in Malta.

Frenkel Topping and NAHL call off takeover talks

14 January 2021

Talks about a reverse takeover of NAHL Group – the owner of National Accident Helpline – by fellow AIM-listed company Frenkel Topping have been called off.

Non-legal businesses fill pandemic income gap for Gateley

13 January 2021

Rising income from listed law firm Gateley’s non-legal businesses almost made up for the loss in turnover from its core legal work during last year’s first lockdown, its interim results have shown.

QC and accountant set up ABS regulated by SRA

12 January 2021

A commercial QC has taken the unusual step of setting up an alternative business structure with an accountant, in contrast with what he described as the “outmoded” chambers structure.

Whiplash reforms delayed AGAIN – but only for a month this time

11 January 2021

The Lord Chancellor today announced yet another delay to implementation of the whiplash reforms, pushing the date back a month to May this year, but lawyers are saying that more time is needed.

Difficult year for Law PLC, with most firms seeing share prices dive

4 January 2021

Acquisitive regional practice Knights was the only listed law firm to defy the Covid gloom and end 2020 with its share price higher than where it began, a Legal Futures analysis has shown.

Expert group lists worries about impact of whiplash reforms

22 December 2020

A group of claimant and defendant representatives and judges has outlined a range of concerns about next year’s whiplash reforms, including claims management companies exploiting injured people.

NAHL and Frenkel Topping takeover talks to stretch into New Year

16 December 2020

Talks about a reverse takeover of NAHL Group – the owner of National Accident Helpline – by fellow listed company Frenkel Topping are to continue into the New Year, they announced today.

Consumers willing to work with wills and probate solicitors online

15 December 2020

More than a third of consumers believe that video witnessing of wills is “a good alternative” to being there in person, according to a major study, while a majority are happy to have an online consultation.

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Everything has changed. Nothing has changed

For the majority of Black and ethnic minority citizens in this country, legal services are still as hard to reach, as hard to choose, or as hard to trust, as they were years ago.

Will this be the Year of Lawtech?

If 2020 taught us anything, it is that lawyers will not disappear any time soon. Still, paper will gradually disappear in favour of digital tools, investment in technology and better ways of working.