Tag Results
Quindell adds major accident management business to law firm acquisition
Thursday, 26 January 2012Quindell Portfolio plc – the company which on Tuesday announced its intention to buy Liverpool law firm Silverbeck Rymer – has continued its acquisition spree by taking a 29.9% stake in a major accident management business which will feed work to the firm.
Tags: ABS, Alternative business structures
Posted in Latest news, Market monitor
Micro-managing LSB "risks independence of profession"
Wednesday, 25 January 2012The Legal Services Board’s “unduly detailed approach to oversight” risks undermining professional independence, the Law Society president has claimed. John Wotton also argued that alternative business structures have “no magic bullet in competitive terms”.
Tags: ABS, Alternative business structures, internal governance rules, Legal Services Act, Legal Services Board
Posted in Alternative business structures, Latest news, Legal Services Board
Re-shaping your firm – and how to pay for it
Tuesday, 24 January 2012Chris Marston, head of professional practices at Lloyds TSB Commercial, takes a look at how solicitors’ firms can compete against external capital.
Tags: ABS, Alternative business structures, external investment
Posted in Features, Latest news
Sharp rise in number of distressed law firms, with ABSs "set to make things worse"
Friday, 20 January 2012There has been a big rise in the number of law firms in distress, with the advent of alternative business structures (ABSs) set to make things worse, corporate recovery specialists Begbies Traynor have claimed.
Tags: ABS, Alternative business structures
Posted in Finance, Latest news
Consumers call for fixed fees as small law firms struggle
Tuesday, 17 January 2012Law firms and other legal providers that offer consumers fixed fees “are likely to have a clear competitive advantage” over those that bill by the hour, new research has shown. It also forecasts that the legal market will grow this year, mainly thanks to larger law firms, with smaller ones struggling.
Tags: ABS, Alternative business structures, external investment, fixed fees, high street firms
Posted in Latest news, Market monitor
Irwin Mitchell ramps up ABS preparations by naming senior PwC partner as chairman-designate
Monday, 16 January 2012National law firm Irwin Mitchell has named the former vice-chairman UK of PricewaterhouseCoopers its chairman-designate as it continues preparations to become an alternative business structure.
Tags: ABS, Alternative business structures, external investment
Posted in Alternative business structures, Latest news, Market monitor
The storm is coming – and a good thing too
Friday, 13 January 2012It’s all rather quiet on the alternative business structure front right now but don’t be fooled into thinking that nothing is happening. The Solicitors Regulation Authority has received around 50 stage-one applications for licensing in the first two weeks and is now starting to send out the main application form, which I understand is something of a whopper.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Blog
Co-op to ramp up staffing as it waits for ABS go-ahead
Thursday, 12 January 2012Co-operative Legal Services (CLS) has begun staffing its family division after launching what it described as the largest recruitment drive in its history. CLS is looking to appoint up to 150 new positions. It currently has around 400 staff.
Tags: ABS, Alternative business structures, Co-op
Posted in Alternative business structures, Latest news, Market monitor
News in brief: ABS applications update, SfH founder fights on, Eversheds’ "absolute fixed fee" and more
Monday, 9 January 2012Our regular round-up includes the latest number of ABS applicants, an about-turn by the founder of Solicitors from Hell, Eversheds extending its partnership with Tyco, more cash for Rocket Lawyer, plus Manchester mergers, litigation funding and more.
Tags: ABS, Alternative business structures, fixed fees, Litigation Funding, mergers, Online Legal Services, Solicitors from Hell
Posted in Latest news, Market monitor, News In Brief
Everyman Legal to pioneer "business hub franchises" for solicitors
Thursday, 5 January 2012Everyman Legal – the ‘virtual’ practice that last October became the first law firm to announce its intention to seek admission to a stock exchange – has announced plans to pioneer “business hub franchises” for solicitors.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Blog
Mind the (justice) gap: Why are RTAs going up but claims still down?
The gap between the number of road traffic accident injuries and the number of motor injury claims continues to widen, according to the latest government data.
Five key issues to consider when adopting an AI-based legal tech
As generative AI starts to play a bigger role in our working lives, there are some key issues that your law firm needs to consider when adopting an AI-based legal tech.
Bulk litigation – not always working in consumers interests
For consumers to get the benefit, bulk litigation needs to be done well, and we are increasingly concerned that there are significant problems in some areas of this market.
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