Market monitor


PE company adds legal tech business to law firm portfolio

19 June 2020

A private equity company that last year bought two major volume conveyancing firms has now taken a minority stake in a solicitor-owned legal technology company for £1.5m.


Financial adviser owned by staff and clients launches ABS

18 June 2020

A firm of financial advisers has launched an alternative business structure to provide its clients with legal services which it claims are faster and “at least a third cheaper”.


Unregulated providers leading way with consumer legal tech

18 June 2020

Unregulated providers are leading the way with developing consumer-facing legal technology, showing that the way solicitors are regulated is “not an obstacle to innovation”.


Employment and commercial work fare best during crisis

17 June 2020

Employment and commercial work are seeing the biggest increases in demand from clients, research has found. However, lockdown has had a “devastating impact” on other practice areas.


MPs offer hope for lawyers locked out of Covid-19 support

16 June 2020

The Law Society and Bar Council have urged the government to act on a report from MPs that that would help lawyers who have fallen through the gaps of the coronavirus support schemes.


Employment lawyers should brace for advice rush

16 June 2020

Employment lawyers could be about to see a surge in enquiries, with data from Citizens Advice showing that people are becoming increasingly concerned about redundancy.


Law firm mergers survive virus “shock”

11 June 2020

Law firm mergers are still being planned, despite the coronavirus pandemic, although they may take longer to get over the line, experts have predicted.


Small firms “hit hardest” by lockdown

11 June 2020

Small law firms have been hit hardest by the lockdown, a survey of the impact of Covid-19 on the profession has found but overall firms have “largely seen only a minor impact on business levels”.


Advocacy services firm becomes ABS

10 June 2020

An advocacy services firm which attended over 6,000 hearings last year has become an alternative business structure so it can add qualified advocates to its team of solicitors’ agents.


New instructions “returning to pre-lockdown levels”

9 June 2020

New instructions have been running at about 70% of the pre-lockdown level over the past two and a half months, but there are definite signs of a revival, with conveyancing roaring back, data shows.


New contracts firm puts paralegals in pole position

5 June 2020

Two young paralegals have launched an unregulated legal contracts business which provides fixed-price services for mainly online businesses in the UK, the USA and Europe.


Black lawyers launch initiative to fight racial injustice

4 June 2020

A group of lawyers has begun crowdfunding to support a new initiative aiming to combat racial injustice by facilitating access to justice, funding and legal representation.


Covid-19 impact: Firms “desperately need” new instructions

4 June 2020

Some law firms suffered “serious falls” in revenue during May and, without a pick-up in new instructions in June and July, “the pain may become unbearable”, new research has warned.


Revealed: Taylor Rose to pay £1.4m for McMillan Williams

3 June 2020

Taylor Rose TTKW is set to pay £1.4m to buy McMillan Williams, which was sunk by slowdowns in both the property market and personal injury settlements, and its high level of gearing, it has emerged.


New justice fund issues £600,000 in grants

3 June 2020

The new Community Justice Fund has already awarded over £600,000 in grants to the legal advice sector to help it cope with the Covid-19 pandemic.

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Blog


Planning for retirement
8 July 2020

In 2006 I started thinking about retirement whilst founding a boutique practice specialising in partnership and employment law. Ten years later, a friend told me that I would never be able to retire.


Time for a new regulatory settlement
3 July 2020

The problem with reform based on a compromise with vested interests is that it ends up being more pig’s ear than silk purse and the Legal Services Act 2007 is no exception.


Reports


Report Cover
Our latest special report, produced in association with Temple Legal Protection, looks at the role of after-the-event (ATE) insurance in commercial litigation post-LASPO. We are at a time when insurers, solicitors, clients and litigation funders work ever more closely to create funding packages that work for all of them, with conditional fee and even damages-based agreements now part of many law firms’ armoury.