Tag Results
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
External investment and "trade" in law firms may see re-emergence of goodwill in accounts, says expert
Friday, 9 December 2011Goodwill may start to reappear in law firms’ accounts as the prospect of external finance and the growing trade in legal practices drives a new push to put a value on them, a leading expert has predicted.
Tags: external investment, mergers
Posted in Finance, News
Profit margins slide at big firms as ABSs hove into view
Tuesday, 15 November 2011Profit margins among all but the elite of the top 100 law firms have dropped significantly over the past five years, new research has revealed, with the introduction of alternative business structures set to pressure them even more.
Tags: ABS, Alternative business structures, mergers, private equity
Posted in Alternative business structures, Market monitor, News
Mid-sized firms need to be bigger and would accept external cash, says survey
Monday, 31 October 2011A large majority of partners at mid-sized law firms believe their practices need to grow by at least a third over the next three to five years to remain competitive, with many open to the idea of external investment, a recent survey has shown.
Tags: external investment, mergers
Posted in Alternative business structures, Marketing & PR, 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
Far more merger talk than action among larger firms, survey finds
Wednesday, 4 May 2011Merger has been on the minds of three-quarters of large law firms during the past year, but inadequate preparation for the negotiations means few are seeing it through, new research into the 200 practices has claimed.
Tags: ABS, Alternative business structures, mergers
Posted in Alternative business structures, Market monitor, News
Kissing the frogs
Wednesday, 16 March 2011Viv Williams, chief executive of Legal Futures Associate the 360 Legal Group, looks at the challenges facing law firms in 2011 and says that, with a price war looming, it is time for smaller practices to look at the benefits of consolidation.
Tags: ABS, Alternative business structures, Legal Services Act, mergers
Posted in Blog
Report: globalisation set to step up
Friday, 5 March 2010This decade will see the emergence of a new wave of global law firms, driven by the accelerated worldwide legal needs of the largest companies, new research has predicted. It suggest an increasing role for outsourcing as clients become more sophisticated.
Tags: mergers, outsourcing
Posted in Latest news, Practice Management
Blog
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.
ABSs, cost and audits – fixing regulation after Axiom Ince
A feature of law firm collapses and frauds has sometimes been the over-concentration of power in outdated and overburdened systems of control.
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