Tag Results
LawVest unveils fixed-price law firm combining solicitors and barristers
Monday, 20 February 2012A groundbreaking business law firm operating entirely on fixed fees and featuring a mix of leading barristers and solicitors opens today, aiming for a market that it claims has been “protected from real competition for too long”. LawVest also plans to become an ABS.
Tags: ABS, Alternative business structures, fixed fees
Posted in Alternative business structures, Latest news, Market monitor
BT seeks ABS licence for claims management arm
Thursday, 16 February 2012The claims management arm of telecoms giant BT has applied to become an alternative business structure, it has emerged. But it is not looking to enter the consumer market.
Tags: ABS, Alternative business structures
Posted in Alternative business structures, Latest news, Market monitor
Exclusive: private equity firm behind UK's first ABS on the hunt for another investment
Wednesday, 15 February 2012The private equity firm behind the UK’s first – and so far only – alternative business structure is beginning the hunt for another investment in the law, Legal Futures can reveal.
Tags: ABS, Alternative business structures, private equity
Posted in Alternative business structures, Latest news, Market monitor
Prospect of MDPs "catching the imagination" of large law firms, survey finds
Tuesday, 14 February 2012Large law firms are showing increasing interest in forming multi-disciplinary practices with non-lawyer professionals, according to new research. The survey of 126 of the top 250 firms by accountants Smith & Williamson found that a third are interested in joining with a non-legal practice.
Tags: ABS, Alternative business structures, external investment, MDP, multi-disciplinary practice
Posted in Alternative business structures, Latest news, Market monitor
SOS launches resources website to share voices of law firm success and stimulate a business critical debate
Friday, 10 February 2012Solicitors Own Software (SOS), the independent provider of legal software to mid-sized firms, has launched a new multi-media resource portal for law firms seeking to learn from the successes of others as they face the challenges of the new legal landscape.
Tags: ABS, Alternative business structures
Posted in associate news, Uncategorized
Government county court reforms assailed from all sides
Friday, 10 February 2012The government’s plans to reform the county courts have attracted criticism from both claimant and defendant lawyers as well as costs specialists – albeit for different reasons, with the lack of detail a particular bugbear.
Tags: ABS, Alternative business structures, Association of Costs Lawyers, costs, fixed fees, Legal Aid Sentencing and Punishment of Offenders Bill, personal injury, RTA portal
Posted in Latest news
News round-up: SRA caution over HSBC undertaking, slowdown in law firm closures, and much more
Thursday, 9 February 2012Our latest news round-up cover the SRA’s view of HSBC’s conveyancing undertaking, a fall in the number of firms closing ahead of PII renewal, a warning over merger failures, the Co-op seeking legal apprentices, and key appointments at Irwin Mitchell, the Law Society and CIPA.
Tags: ABS, Alternative business structures, assigned risks pool, Chartered Institute of Legal Executives, Chartered Institute of Patent Attorneys, Co-op, conveyancing, Law Society, mergers, professional indemnity insurance, Solicitors Regulation Authority
Posted in Latest news, News In Brief
Private equity keen on investing in the law, say both new Parabis owner and Irwin Mitchell
Wednesday, 8 February 2012Private equity firms are showing “considerable interest” in volume legal practices, the man behind Duke Street’s acquisition of the Parabis Group has said. The head of strategic projects at Irwin Mitchell claimed that most PE firms are considering investing in the law.
Tags: ABS, Alternative business structures, private equity, Solicitors Regulation Authority, stock market listing
Posted in Alternative business structures, Latest news, Market monitor
Townsend: SRA surprised by high level of ABS applications
Tuesday, 7 February 2012The Solicitors Regulation Authority has so far received more alternative business structure applications than it expected, chief executive Antony Townsend admitted yesterday. He also suggested that there will in time be growing momentum towards consolidating the eight current legal regulators into one.
Tags: ABS, Alternative business structures, compliance officer for finance and administration, compliance officer for legal practice, Legal Services Board, Solicitors Regulation Authority
Posted in Alternative business structures, Latest news, Solicitors
RJW deal shows firms have a realisable value – and are getting "real" about business, say experts
Friday, 3 February 2012Slater & Gordon’s takeover of Russell Jones & Walker is evidence that law firms are “joining the real business world” and that there is realisable value in legal practices, leading consultants have said.
Tags: ABS, Alternative business structures, mergers, Slater & Gordon, valuation
Posted in Alternative business structures, Latest news, Market monitor, Uncategorized
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.
Reports
Associates
