Market monitor

National law firm Russell Jones & Walker is planning to extend its personal injury brand Claims Direct into other areas of law, the firm has revealed. It is looking at areas such as employment and family law, wills and possibly conveyancing.

Big brand entrants to the legal market will have a “huge advantage” because of their vast client databases, the Chief Legal Ombudsman has warned. Adam Sampson said new entrants have an acute awareness how to utilise their existing clientele.

At least seven major brands will be launching high-profile campaigns to enter the UK legal services market in the next year, it has been revealed. Meanwhile, an investor is to assist a claims management company acquire several law firms.

A solicitor has launched a groundbreaking website that provides people charged with motoring offences a free online diagnosis of their case, backed up by the option of instructing a barrister to represent them at the hearing at the click of a button, Legal Futures can reveal.

Going it alone in the new legal world “is simply a drawn-out closing down”, a leading law firm consultant has warned – while another has told law firms not to overlook “the power of the solicitor brand” when rushing to align themselves with national brands.

The legal market has “enormous scope for consolidation and this is as opportune a moment as there will be to invest” in it, a new report has claimed. Espirito Santo Investment Bank said 2012 will see the “acceleration” of merger activity.

Another new franchise will start targeting law firms next week under the brand ‘Simplify the Law’, Legal Futures can reveal. Its first major milestone is to create a national network of law firms with a combined turnover of £200m.

In the latest instalment of our Legal Pioneers series, Neil Rose talks to Suzanne Dibble, the company/commercial lawyer and mother who last month won an award for her unique legal offering to the growing band of mumpreneurs.

Legal Futures can reveal that Premier Property Lawyers – one of the largest conveyancing businesses in the country – has today become the first ever alternative business structure as the new regime finally gets underway.

A ‘virtual’ law firm has today become the first UK solicitors’ practice to announce its intention to seek a stock market admission so as to fund growth and attract more solicitors to the business. Everyman Legal will become an alternative business structure when it can.

Online conveyancing business In-deed has seen “encouraging” signs from the introduction of telesales staff to help convert quotes into instructions for its panel law firms, it has told the Stock Exchange. The company has had to alter its plan to operate solely online.

The number of solicitor applications for a grant of probate has fallen for the fourth year running, down 30% since 2006, although the drop slowed last year, indicating perhaps that greater competition in the probate market is making itself felt.

Around 50 law firms in the north-west have signed up to a new scheme from Manchester practice JMW aimed at lawyer-to-lawyer referrals. Lawshare offers firms in the network a 7-10% profit share for every case referred to JMW.

QualitySolicitors has agreed an exclusive partnership with leading finance comparison website MoneySupermarket.com, while the network is to be promoted in the Bounty Packs given to all new mothers, Legal Futures can reveal.

Solicitors and barristers are being targeted to join a new comparison website that claims to be the “new generation” of legal referral businesses by requiring participating law firms and barristers to offer fixed-fee services. CompareLegalCosts.com has also moved away from the referral fee model.