News

Lisa Webley

Academics team up with comparison website to help consumers find the right lawyer

Legal academics had teamed up with an online directory of lawyers in an attempt to develop internet software that will harness research findings on how people choose a lawyer in order to match consumers with the right lawyer.

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Law Society - Front1

Law Society to tackle lack of female and BAME managers at top of organisation

The senior management of the Law Society does not reflect the diversity profile of the rest of the organisation, new figures have shown. It comes at the time every law firm and chambers in England and Wales has to report the make-up of their organisation to their regulator.

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London Stock Exchange

Quindell raises £200m to fund expansion as doors finally shut on first ABS failure

Alternative business structure (ABS) Quindell Portfolio Plc has raised £200m through a share placement to fund “significant growth opportunities” amid other ABS news that has seen the first failure formally consigned to history.

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Financial chart and coins

Small and mid-sized firms eye external investment in bid to take on ABS competition

Small and medium-sized law firms are looking to external investment to counter growing concerns about the impact of alternative business structures, new research has found, even though they are recovering well from the effects of recession.

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john pickering

Irwin Mitchell makes personal injury move with MPH acquisition

Irwin Mitchell has made its first major move in the personal injury market since rival Slater & Gordon began its acquisition spree by taking over well-known Manchester firm MPH Solicitors, Legal Futures can reveal.

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Dana Denis-Smith

Ex-City lawyer outsourcers grow 400% and plot to double again in size

The legal outsourcing business that uses former City solicitors to provide temporary support services to law firms and in-house teams, has surpassed its original goal of having 500 lawyers on its books and grown 400% in the past year.

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Legal Futires

SRA tells LSB: no need for lay chair requirement

Legal Services Board should be focusing on the way the chairs of the frontline regulators are appointed, not on ensuring they are non-lawyers, the Solicitors Regulation Authority has said.

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SRA reception sign

SRA eyes financial stability test for thousands of firms

The Solicitors Regulation Authority is contemplating whether to contact thousands more law firms about their financial position after this summer’s exercise involving 2,000 practices “confirmed our view that financial difficulty is a widespread current risk”.

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US image

Government surveillance threatens law firms’ cloud data security, regulator warns

Widespread data snooping by the US National Security Agency, as revealed by whistle-blower Edward Snowden, could threaten the security of cloud computing for law firms acting in confidential merger negotiations, the Solicitors Regulation Authority has warned.

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Shailesh Vara

Government to give claims regulator power to fine firms

Claims management companies are for the first time to face the prospect of fines for poor conduct such as spam texts, the government announced today as part of a series of measures aimed at toughening up their regulatory regime.

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