Legal Services Act

City firm Ince & Co owed creditors £34m when it was sold in a pre-pack and went into administration, after partners refused to bail it out, it has emerged.

The ground-breaking ‘teaching law firm’ set up by Nottingham Law School has recovered more than £3m in benefits and compensation for clients since it was set up nearly five years ago.

The private equity investor that now has stakes in four law firms is on the lookout for more, it has told Legal Futures. Earlier this month, BGF made a “multi-million pound” investment in two practices.

More than 200 partners of DWF are selling shares as part of this week’s stock market listing, it has emerged. They will initially receive £19.5m collectively for selling a small proportion of their shares,

Shares in DWF will start trading publicly on Friday at a price that values the international law firm at £366m, the lower end of expectations, it was announced this morning.

Nearly two-thirds of solicitors at smaller firms are concerned about the impact of the Solicitors Regulation Authority’s new rulebook, and much more than about Brexit, research has found.

Redde – the accident management group that owns two alternative business structures – saw nearly a quarter of its value wiped out on Friday after losing a major contract.

One alternative business structures combining conveyancing and mortgage advice, and other bringing together legal and corporate finance services are among a range of new licencees.

The High Court has rejected a challenge from the ICAEW to the Lord Chancellor’s decision that its members should not be allowed to handle tax-related litigation, advocacy and legal instruments work

The Legal Services Board should focus on tackling sexual harassment in the workplace instead of pushing its agenda of ‘change for change’s sake’, the Law Society has said.

A law firm dedicated to animal protection, believed to be the first of its kind, has been launched by two solicitors experienced in the field. Advocates for Animals aims to work for charities and NGOs.

There has been a “slowly decreasing volume” of personal injury claims since 2016, the Association of British Insurers has said, but LASPO only helped reduce PI costs “slightly”.

Private equity firm BGF – which describes itself as the most active growth investor in the world – now has stakes in four law firms after adding two linked property practices to its portfolio.

Consolidator Metamorph Law has made its first acquisition for a year – and seventh in total in less than three years – by buying Hampshire legal practice Verisona Law and adding £5m to its turnover.

Now is not the “appropriate time” to embark on wholesale reform of the Legal Services Act, the Law Society has told the independent review into the regulation of legal services.