Knights moves into Bristol with acquisition number 19
Listed law firm Knights – which describes itself as now the UK’s largest commercial practice without an office in London – has moved into Bristol with its latest acquisition.
Law firm fails in bid to throw out claim assigned to litigation funder
A law firm being sued for wrongly releasing £2m it held in escrow among other alleged errors has failed in its bid for summary judgment on major elements of the claim.
Staff at employee-owned firm receive £3,600 profit shares in first year
Staff at Ison Harrison, one of the largest law firms to be employee owned, have each received a tax-free profit share of £3,600 after the first year of the new structure.
Blixt to pay £22m for first two acquisitions as it builds national practice
The private equity house looking to building a £100m group over the coming years is set to spend nearly £18m on its most recent acquisition, Lancashire law firm Farleys, it has emerged.
Solicitor’s legal spending platform raises $7m for further expansion
A legal spending analytics and tracking platform has raised $7m (over £5.7m) in its latest funding round, some of which will be used for expansion into the USA.
Class actions focusing on banks and competition law breaches
The UK’s biggest banks are facing 109 class actions across different jurisdictions, while the value of UK class actions for competition law breaches multiplied more than six fold to over £26bn last year.
BSB performance in the red as LSB raises SRA enforcement concerns
Pressure on the Bar Standards Board to improve its performance ratcheted up today after it scored by far the worst of all the legal regulators in the Legal Services Board’s annual assessment.
Solicitor fined for handling follow-on property management work
A retired solicitor has been fined £7,500 for using client accounts as banking facilities over decades to handle property management work for Arab clients.
US lawyer urged clients to infect opposing counsel with “nasty disease”
A US lawyer advised his clients to have someone with Covid or another “highly infectious, nasty disease” lick and handle an envelope being sent to opposing counsel, it has emerged.
“Underappreciated” associates want to leave law firms
“Feeling underappreciated” is the most common reason why associates want to leave their law firms, a study has found, with women more likely than men to be looking to change jobs.
