Market monitor

PI claimants will be able to recover credit hire and repair costs under the new regime due to come into force next April if the total value of the claim does not exceed £10,000, it has emerged.

London law firm Mishcon de Reya said yesterday that it was looking to raise capital, and refused to confirm or deny media reports that it is eyeing up a listing on the London Stock Exchange.

Five partners from London firm Child & Child, who acquired the firm after it went into administration at the end of last month in a management buyout, used an off-the-shelf ABS, it has emerged.

Pioneering listed law firm Gateley is aiming to increase the non-legal services it offers substantially after recording record results, with revenues up 20% to £104m.

A pioneering alternative business structure specialising in space law and named after Neil Armstrong 50 years after he first stepped on the moon has gone live, Legal Futures can reveal.

An alternative business structure set up by an HR consultancy has launched a dedicated case management software tool aimed at integrating large company HR departments with its employment law offering.

The battle to consolidate the fragmented conveyancing market has stepped up after a private equity company acquired two of the biggest volume providers in the country.

Knights has unveiled strong results for its first year as a listed company and is now looking to “scale” its business model by acting as a consolidator of independent law firms.

Lawyers at high street firms looking to bring innovation into their firm’s cultures have been advised to find space away from day-to-day work pressures and ask if they would do anything different if starting out afresh.

Children and protected parties are to be exempt from the increase in the small claims limit and the new whiplash portal – at least for now – Legal Futures can reveal. We also have more detail on the portal build.

Small law firms are appealing places to work for solicitors from larger practices, but growth and credibility are among the concerns, according to a survey.

Traditional commercial law firms are “on their death bed” and must change their business models to survive, the general counsel of three leading tech companies have warned.

The whiplash portal for litigants in person will cover claims for property damage, in addition to personal injury and uninsured losses, the Motor Insurers Bureau has confirmed.

An app that offers users the full range of consumer legal advice and support for up to £24 a month is being rolled out after a pilot saw 70% of users renew their subscription.

Alternative business structures continue to have a “direct and positive impact” on the legal market, the oversight regulator has said, while there are “signs of improvement” at the Legal Ombudsman.