Fifth of law firms looking to option of private equity backing
A fifth of law firms are considering private equity investment as a route to growth and transformation, according to new research.
Minister urges litigation funders to embrace self-regulation
All third-party funders should join the Association of Litigation Funders while the government decides on the way forward for the sector, the courts minister said this week.
Consultancy for law firms and investors spins out of City practice
A specialist strategic consultancy advising lawyers, investors and regulators has spun out of a City law firm as demand for help in navigating the legal market grows.
Law firms disagree on what should be considered a complaint
Law firms are divided over what should be regarded as a complaint from clients, a survey by the Solicitors Regulation Authority has found.
Compensation levels off the table in MoJ whiplash reforms review
The Ministry of Justice has launched a call for evidence to inform its review of the whiplash reform programme, but made clear the damages tariff is not up for debate.
Judge surprised that paralegal did not know legal limits of her work
The High Court has expressed surprise that a paralegal did not know more about the restrictions that the reserved legal activities imposed on her work.
Justice charity gears up to award collective action grants
The Access to Justice Foundation has announced its strategy for dispensing grants from money received from collective actions.
Judge slashes law firm’s costs because of Mazur
A regional costs judge has described how he applied the ruling in Mazur to cut the costs awarded to a law firm in a housing possession case from £3,000 to less than £500.
Largest law firms raise rates by 10% but cut staff
The top 10 law firms have raised hourly rates by over 10% to an average of almost £500 while cutting staff numbers amid growing concern about the impact of AI.
Law firm accuses motor finance lenders of “systemic obstruction”
A law firm representing huge numbers of people with car finance mis-selling claims has accused lenders of “systemic obstruction”.
