Market monitor

Listed firm Keystone Law has unveiled strong interim results, with revenues up 30% and profits 35% to back up a share price that has more than doubled in less than a year.

The Legal Services Board has received unprecedented lobbying against the Solicitors Regulation Authority’s plans to allow solicitors to practise from unregulated businesses.

A global ‘enterprise legal services company’ that effectively owns a London-based ABS is set for massive growth after Europe’s biggest private equity house took a majority stake.

There are considerable doubts about whether the Ministry of Justice will meet its April 2020 target to introduce the whiplash reforms, this week’s PI Futures event heard.

NAHL plc, the company that owns National Accident Helpline, is to launch its “small claims ready” law firm next year, now that the government’s personal injury reforms have been put back.

City law firm Rosenblatt has launched a standalone litigation funding business with an initial £2m cash injection from the money it raised from its stock exchange listing in May.

A charity supporting volunteer work by lawyers and law students is to launch a ‘virtual pro bono clinic’ via the internet, focusing on initial and one-off advice.

The Co-op has declared itself the largest provider of probate services in the UK as its financials continue to improve. Legal services turnover in the first half of 2018 was up 31% and profits quadrupled.

Simpson Millar has unveiled a five-year £50m growth strategy to become one of a handful of consumer legal brands, starting with the acquisition of Liverpool practice EAD Solicitors.

The government stood firm against Labour efforts to amend the Civil Liability Bill yesterday, although indicated that it might move on cases involving children.

The credit hire and legal services group that floated in June has announced positive maiden results as a listed company as it looks to expand its fee-earning capacity.

A US class action law firm has used a new platform created by an alternative business structure to fast-track its UK launch, Legal Futures can reveal.

A catalogue of disastrous consequences has followed a reduction in the scope of legal aid, including debt from high lawyers’ fees, poor judicial decisions, and knock-on costs for the public purse.

Setting the small claim limit for road traffic accident cases at a lower level than £5,000 would “fuel claims displacement”, the Lord Chancellor has predicted.

The founder of an online service centred on free wills is recruiting law firms and national charities in a bid to become “the leading will-writing brand in the UK”.