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The world’s first listed legal practice, Australia’s Slater & Gordon, is to enter the UK market after agreeing to buy national law firm Russell Jones & Walker for £53.8 million. All of RJW’s principals will continue to work in the new business and are becoming shareholders in S&G.

Quindell 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.

Chris Marston, head of professional practices at Lloyds TSB Commercial, takes a look at how solicitors’ firms can compete against external capital.

Law 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.

It’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.