Tag Results
Bracing for the storm: How the Autumn Budget could impact the legal sector
Wednesday, 2 October 2024As we approach the much-anticipated Autumn Budget on October 30, 2024, Prime Minister Keir Starmer has set the tone for what he describes as a “painful” economic roadmap.
Tags: Recovery First
Posted in associate news
Law firm merger warning issued by SRA
Wednesday, 14 August 2024In recent years, the UK legal market has witnessed a notable increase in law firm mergers. In 2022, there were 122 reported mergers, a rise from 99 in 2021, reflecting an almost 23% growth. This trend highlights a growing preference for expansion via acquisition rather than organic growth.
Tags: Recovery First
Posted in associate news
Closing your law firm? How to handle work in progress
Wednesday, 29 May 2024Making the decision to close all or part of your law firm is rarely an easy one. Some may opt to sell their firm to a successor practice; whilst others may choose to close the firm completely.
Tags: Recovery First
Posted in associate news
Solicitors PII: What happens if you can’t get cover… at a price you can afford to pay?
Monday, 26 February 2024Almost a third of firms now renew their professional indemnity insurance (PII) on 1 April, and we are reminded of the ongoing difficulties solicitors face in obtaining cover.
Tags: Recovery First
Posted in associate news
Covid loan repayment forcing law firms into administration
Thursday, 16 November 2023Many businesses took out government-backed loans, such as the Bounce Back Loans Scheme (BBLs) and the Coronavirus Large Business Interruption Loan scheme, to help them through the Covid-19 crisis.
Tags: Recovery First
Posted in associate news
VFS Legal administration – Understanding your firm’s options
Friday, 25 August 2023The sad news of the administration of VFS Legal, the latest in a number of funders servicing the claimant market, will inevitably have a knock-on effect on those who have used their services over the years.
Tags: Recovery First
Posted in associate news
Overcoming challenges in solicitors’ PII renewal
Wednesday, 12 July 2023Renewing Professional Indemnity Insurance (PII) over the last few years has become increasingly taxing for solicitors, with rising premiums from the hard market conditions that have extended across all professional sectors, not just law firms.
Tags: Recovery First
Posted in associate news
The role of a solicitor manager in law firm insolvency
Thursday, 16 March 2023A solicitor manager has an integral role to play in the administration or liquidation of a distressed law firm.
Tags: Recovery First
Posted in associate news
Repayment of CBILS loans causing cashflow issues? Recovery First can help
Thursday, 24 November 2022If you have taken out a CBILS loan and are now facing issues with cash flow, Recovery First can assist in a number of ways.
Tags: Recovery First
Posted in associate news
Law firm financial difficulties: How Recovery First can help firms avoid SRA intervention
Tuesday, 27 September 2022In a recent article by Neil Rose at Legal Futures, it was highlighted that there has been a recent rise in law firms in England and Wales reporting financial problems to the Solicitors Regulation Authority (SRA).
Tags: Recovery First
Posted in associate news
Blog
The rise of the agent
We believe AI agents are going to represent the biggest change to the way in which the general public interact with professional services business for generations.
The lonely role of a COFA: sharing the burden of risk management
Compliance officers for finance and administration in law firms can often find themselves walking a solitary path. But what if we could create a collaborative culture of shared accountability?
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.
Reports
Associates
