Legal Services Act

An ambitious new firm of licensed conveyancers has developed its own case-tracking app in a bid to become the biggest conveyancing business in the country. Managing director Simon Bath said the firm had funding from individual investors and private equity.

The Competition and Markets Authority (CMA) has announced a study of the legal services sector for consumers and small businesses so as to examine “long-standing concerns” about affordability and standards of service. The CMA said concerns had also been raised about the “complexity of the current regulatory framework”.

Co-operative Legal Services is making a significant investment in face-to-face advice for the first time after acquiring a wills, trust and probate company. It is further evidence that, despite changes in the wider group following its well-publicised troubles, legal services remains a core service.

NAHL Group – the listed business that owns National Accident Helpline – has grown its footprint in the conveyancing market with the acquisition of a property search company. It is paying £2m for Searches UK, with £1.66 up front and a further £350,000 payable on or before 30 June.

The Solicitors Regulation Authority is to research this year whether standards of criminal advocacy are declining and whether solicitors are to blame. As part of the research, the SRA said it would ask judges whether solicitor-advocates were “working beyond their level of competence”.

Listed UK businesses with a strong legal element have proven good investments over the past year, outperforming the FTSE indicies, a Legal Futures analysis has shown. While both the FTSE 100 and FTSE All-Share indicies fell during 2015, almost all law-related shares were up – some spectacularly so.

The number of complaints to the Legal Ombudsman about claims management companies is gathering pace and passed 15,000 in the first nine months of 2015, it has emerged. LeO said almost half of the complaints were about fees.

LV= has created its legal offering to offer an extra service to its members and customers, rather than to make any great profit, its claims director has told Legal Futures. The new venture is not an alternative business structure, unlike all the other such arrangements between insurers and law firms.

LV= has become the latest major insurer to enter the legal services market after forming a joint venture with Bristol-based Lyons Davidson. LV= Legal Services is offering fixed-fee advice for wills, powers of attorney, probate, conveyancing, personal injury and employment law.

Slater & Gordon (S&G) has remained tight-lipped as two Australian law firms invite shareholders in S&G to register for potential group actions against it. One of the firms, Maurice Blackburn, said concerns centred on the “timing and accuracy” of information released by S&G.

Lawyers will have to wait patiently for another chance to complain to the government about the Legal Services Board (LSB) as it emerged that the board’s second ‘triennial review’, due this year, has been scrapped.

The Bar Standards Board has rejected suggestions that its application to become an alternative business structure licensing authority will unnecessarily restrict the extent of non-lawyer ownership and so have a detrimental effect on competition.

Personal injury firm Asons has suspended building work on an “iconic” £8m new office in Bolton and announced a restructuring programme in response to chancellor George Osborne’s Autumn Statement. The firm said it wanted to focus on “shoring up its defences”.

The finance directors of large law firms prefer to stick with more traditional forms of funding for their practices that do not involve accepting external investment, new research has indicated.

Slater & Gordon has withdrawn its predictions for the current financial year, saying profit is likely to be hit as a result of “slower than expected” case settlements in the UK. The problems are in the main S&G practice, along with the noise-induced hearing loss portfolio bought by the firm from Quindell.