Market monitor
Ex-PI firm set to leave nearly £40m of debts unpaid
The outlook for creditors of failed personal injury firm Roberts Jackson is bleak, with nearly £40m that it owes, more than half to its private equity backer, unlikely to be repaid.
Conveyancing cheer as government reopens housing market
Conveyancers, estate agents and others involved in the home-moving process can return to work today in line with social distancing advice, the government announced last night.
Murder trial resumes with counsel and jury swapping seats
A jury trial resumed at the Old Bailey yesterday, with barristers in the jury and press boxes, and jurors socially distancing in counsel’s rows after being told there were no face masks for them.
£5m fund to support social welfare advice goes live
A fund worth more than £5m to sustain UK social justice advisers through the Covid-19 pandemic – and as a “catalyst for wider renewal” – has gone live today.
Law firms under lockdown: “A train that is running out of puff”
Reduced billing by law firms in April was covered by a parallel fall in costs and arrival of government money, but the lack of new work is going to hurt them badly, according to new research.
IBA urges lawyers to adopt “climate-conscious” approach
Lawyers should take a “climate-conscious approach” to legal practice and advise clients of the risks of worsening the climate crisis, the International Bar Association has declared
Female entrepreneurs urge post-crisis support from GCs
A group of female entrepreneurs in the legal market has told general counsel that they have to support female-run start-up businesses if they are to survive the impact of the Covid-19 pandemic.
Big firms “burning through” the little cash they have
Many of the country’s largest law firms are unprepared for the rate at which they are burning through cash during the Covid-19 pandemic, a review of their accounts has revealed.
Court hearings running at half pre-virus level
The courts and tribunals in England and Wales are now conducting almost half as many civil and criminal hearings as they did before the coronavirus crisis, a justice minister said yesterday.
MoJ pumps £5.4m into not-for-profit advice sector
The government has announced a £5.4m cash injection for law centres and other advice charities to help people with housing, debt, discrimination and employment problems during the Covid-19 crisis.
Mergers keep coming despite coronavirus crisis
The coronavirus crisis has not stopped a series of mergers taking place across the country in recent weeks, as well as specialist law firms starting up.
Arrested children may be given legal advice automatically
The government is considering whether children in police stations should have to opt out of receiving legal advice, rather than opt in as now, it has emerged.
Small law firms fear collapse as Covid-19 drains work
Nearly three-quarters of small law firms believe they may have to close their doors in the next six months as result of the coronavirus crisis, Law Society research has found.
Ex-Lord Chancellor Gauke returns to old firm
Former Lord Chancellor David Gauke, who lost his seat at December’s general election, has returned to his old firm Macfarlanes as head of public policy.
Firm targets mass overturning of Post Office convictions
Hull-based Hudgell Solicitors has begun work on trying to overturn as many as 500 potentially unsafe convictions as a result of the Post Office Horizon IT scandal.