Market monitor
High street solicitor launches second BSB firm with client
A solicitor has launched a second law firm regulated by the Bar Standards Board – this time an alternative business structure with a letting agent client.
Consumers use “limited criteria” when shopping around for lawyers
Consumers of legal services apply “relatively limited criteria” when shopping around, research has found – which 46% of those polled did, while 27% went to the first adviser they looked at.
Top PI firms reveal mixed profits as another hits TV to build brand
Two leading personal injury law firms have recorded contrasting results that take lockdown into account, while Minster Law has launched its first national TV advert to promote its PI work.
Family lawyers embrace mixed teams to offer non-court alternatives
An increasing number of family law specialist teams are joining with other disciplines and professionals to offer clients a wider range of services that do not involve the court process, it has emerged.
Frenkel Topping given more time for NAHL takeover talks
Talks between listed companies Frenkel Topping Group and NAHL Group about a reverse takeover of the latter have been extended by another four weeks.
Reduced legal budgets seen as biggest virus challenge
Lawyers have identified reduced client budgets for legal work as the biggest threat to the profession from the pandemic in a new report.
Exclusive: Keystone investor eyes next legal opportunity
The private equity investor who set Keystone Law on the road to listing is on the look-out for a new legal venture – but is not interested in traditional law firm partnerships.
Remote hearing success means no backlog in some family courts
The family court system has adapted so well to remote working that some courts do not have a backlog of cases, the president of the Family Division said yesterday.
New hub to aid Black founders with scaling up businesses
Two entrepreneurial Black lawyers are co-founding a network to “encourage, support and develop” scalable, high-growth professional services businesses founded and run by Black people.
Exclusive: High street consolidator buys three more firms
Echelon Law, an alternative business structure which specialises in buying small high street law firms with succession problems, is set to acquire three more, Legal Futures can report.
Pandemic the “right time” to launch law firm
The founder of a niche commercial law firm which advises start-ups has said this summer was the “right time” to launch the business, despite Covid-19.
Obelisk adds paralegals and junior lawyers to freelance pool
Flexible resourcing pioneer Obelisk Support has launched a new paralegal service for law firms and in-house teams, with plans to add 500 full-time paralegals and junior lawyers to its talent pool.
Man who “probably” contacted Legal Futures pretending to be judge jailed for harassing him
A man found in contempt of court for repeatedly breaching injunctions imposed to stop him harassing a circuit judge has been jailed for 16 months.
Big firms “quietly” working to reclaim ground from alternative providers
The world’s largest law firms have been “quietly mobilising” to recapture revenue lost to alternative legal service providers by creating their own in-house versions, according to new research.
Rocket Lawyer imports English model back to US
Online legal business Rocket Lawyer is importing the model it has developed in England and Wales back to the US as its home country begins inching towards opening up to non-traditional offerings.