Tag Results
Seven major brands set to enter legal market, Legal Futures Conference hears
Tuesday, 18 October 2011At least seven major brands will be launching high-profile campaigns to enter the UK legal services market in the next year, it has been revealed. Meanwhile, an investor is to assist a claims management company acquire several law firms.
Tags: ABS, Alternative business structures, Online Legal Services
Posted in Market monitor, News
Law firm mergers to accelerate in 2012, predicts investment bank
Thursday, 13 October 2011The legal market has “enormous scope for consolidation and this is as opportune a moment as there will be to invest” in it, a new report has claimed. Espirito Santo Investment Bank said 2012 will see the “acceleration” of merger activity.
Tags: ABS, Alternative business structures, external investment, mergers
Posted in Alternative business structures, Market monitor, News
Djanogly: paying referral fees to be a regulatory offence
Wednesday, 12 October 2011The ban on referral fees will not be a criminal offence and is to be enforced by the legal profession’s regulators instead, justice minister Jonathan Djanogly announced yesterday. Work is also underway to cut the £1,200 payable to solicitors under the RTA portal.
Tags: Alternative business structures, referral fees, Solicitors Regulation Authority
Posted in Alternative business structures, News
Revealed: SRA ABSs clear final hurdle with non-lawyer owners facing convictions check
Friday, 7 October 2011Non-lawyer investors in alternative business structures will have to disclose any previous convictions, even if spent, to pass the ‘fit and proper owner’ test, Legal Futures can reveal. It was the last major hurdle to the full adoption of ABSs.
Tags: ABS, Alternative business structures, Solicitors Regulation Authority
Posted in Alternative business structures, News
Exclusive: top conveyancing practice becomes the first ever ABS
Thursday, 6 October 2011Legal Futures can reveal that Premier Property Lawyers – one of the largest conveyancing businesses in the country – has today become the first ever alternative business structure as the new regime finally gets underway.
Tags: ABS, Alternative business structures, conveyancing, Council for Licensed Conveyancers, licensed conveyancers
Posted in Alternative business structures, Market monitor, News, Other lawyers
‘Virtual’ law firm breaks historic ground with plan for stock market admission
Thursday, 6 October 2011A ‘virtual’ law firm has today become the first UK solicitors’ practice to announce its intention to seek a stock market admission so as to fund growth and attract more solicitors to the business. Everyman Legal will become an alternative business structure when it can.
Tags: ABS, Alternative business structures, stock market listing
Posted in Alternative business structures, Market monitor, News
Why brand is the new “must-have” in legal services
Tuesday, 4 October 2011Pearse McCabe of brand and digital agency Rufus Leonard explains how important branding will become in the post-ABS world and considers some of the key issues that traditional law firms need to look at in response.
Tags: ABS, Alternative business structures
Posted in Features, Marketing & PR, News
Claims for compensation over solicitor mortgage fraud shoot up
Tuesday, 27 September 2011The number of claims against the Solicitors Compensation Fund arising out of mortgage fraud have shot up by 140%, it has emerged. However, the time lag in claims reaching the fund means the figures disguise a “marked decrease” in mortgage fraud cases, according to the SRA.
Tags: ABS, Alternative business structures, mortgage fraud, Solicitors Compensation Fund, Solicitors Regulation Authority
Posted in News, Solicitors
Mayson: LSA to encourage “transfer market” for non-lawyer chief executives
Friday, 23 September 2011A “transfer market” of law firm chief executives should emerge in the post-Legal Services Act world, Professor Stephen Mayson has predicted, especially if lenders and investors insist on appointing their own choice of management team as a condition of their financial support.
Tags: ABS, Alternative business structures, COFA, COLP, compliance officer for finance and administration, compliance officer for legal practice, head of finance and administration, head of legal practice, HoFA
Posted in Alternative business structures, News
Insurers offered ‘white label’ ABS to revolutionise motor claims process
Wednesday, 21 September 2011A leading law firm and an accident management company have joined forces to offer insurance companies and brokers a ‘white label’ alternative business structure combining legal and non-legal operations to revolutionise motor claims processes.
Tags: ABS, Alternative business structures, referral fees
Posted in Alternative business structures, Market monitor, News
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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