Market monitor

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.

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.

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%.

Leading funder Doorway Capital has expressed more confidence in the personal injury market by pulling a law firm out of a partnership voluntary arrangement.

The government yesterday spelt out the potential impact of a no-deal Brexit on the legal services sector, saying that it risked a loss of market access and an increase in non-tariff barriers.

Leading private equity firm Palamon Capital Partners has acquired My Home Move to create by far the largest conveyancing business in the country with its existing investment, the Simplify Group.

A group of internal shareholders at AIM-listed law firm Gateley have sold £6m worth of shares, it emerged last week. An accelerated bookbuild to institutional investors was announced and completed on Friday, with 13 directors and managers, along with the… Read More