Private equity investor puts “millions” into two more law firms
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.
Acquisition number 7 for law firm consolidator
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.
Solicitor struck off for fraud conviction and attempting cover up
A “stressed” solicitor has been struck off after receiving a suspended prison sentence for pretending claims had concluded and paying clients damages they had not in fact been awarded.
Barrister apprentices on way as training reforms are approved
The Legal Services Board has approved the new training regime for barristers that will open up four routes to qualification, including an apprenticeship, and strength regulatory oversight of the inns of court.
Now is not the time to rewrite Legal Services Act, says Law Society
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.
Keen: “Room to review” legal regulation regime
There is “room for review” of the legal regulation regime, made more urgent by the developments in technology, Lord Keen, the Ministry of Justice’s spokesman in the House of Lords, said yesterday.
Suspension of Coops solicitor sheds light on Asons deal
The solicitor who headed Bolton personal injury firm Coops Law – which bought controversial practice Asons – has been suspended for the way it took on 6,000 files without clients’ permission.
Consumer law firms optimistic but fee pressure looms
Almost two-thirds of solicitors active in the main consumer law areas expect their workload to increase over the next year – but there is looming pressure on fees, a survey has found.
Redde sees 150% rise in profits from joint venture ABSs
Accident management group Redde plc – which owns NewLaw Solicitors – has seen profits from the law firm’s five alternative business structure joint ventures increase by nearly 150%.
Solicitor jailed for fraud, leaving former boss “betrayed”
A solicitor who was being groomed to take over a Liverpool law firm has been jailed for a £13,400 fraud, leaving his former boss with an “indescribable” feeling of betrayal.
