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Search results for tag "Legal Services Act"

• UK firms should cut 5000 solicitor jobs, says report

  Mar 21 2012 A new report from the Royal Bank of Scotland claims that the UK legal market is suffering from substantial over-capacity, and is currently carrying over 5,000 excess... more

• How much would that firm be worth on the stock market? New report makes a guess

  Mar 02 2012 A new report estimates the value of leading UK law firms to be somewhere between $711 million to $4.1 billion, with Magic Circle firm Allen & Overy leading among the... more

• PE firm Duke Street buys controlling interest in London law firm

  Feb 06 2012 Private equity firm Duke Street has taken a stake of just over 50 per cent in London-based law firm Parabis. The deal, which is subject to regulatory approval and is... more

• Australian law firm Slater & Gordon buys British firm Russell Jones & Walker

  Jan 31 2012 Australian law firm Slater & Gordon has concluded a deal for the takeover of British firm Russell Jones & Walker for $80 million. The deal, which is still subject to... more

• Private company acqires law firm for 19.3 million pounds

  Jan 26 2012 Publicly traded company Quindell Portfolio has announced a plan to purchase personal injury law firm Silverbeck Rymer, in what may be the first transaction of this... more

• Liberalisation of law firm ownership in the UK - has anything changed?

  Oct 19 2011 Two weeks have passed since the introduction of the Legal Services Act in the UK – legislation that promised to overhaul the way that law firms do business by opening... more

• UK firm Irwin Mitchell starts outsourcing ahead of conversion to ABS

  Oct 18 2011 UK firm Irwin Mitchell is has announced that it will outsource 81 support staff in preparation for its conversion to an alternative business structure (ABS). The firm... more

• 'Tesco Law' begins in England and Wales

  Oct 06 2011 The much anticipated reform to the Legal Services Act has come into force in England and Wales, under which banks and supermarkets are now able to sell consumer legal... more

• UK law firms face tough indemnity insurance market

  Sep 06 2011 The UK legal profession is bracing for the implementation of the Legal Service Act in October, which is expected to overhaul the sector by breaking the partnership... more

• UK firm Irwin Mitchell considers alternative funding options

  Apr 29 2011 Personal Injury law firm Irwin Mitchell has revealed that it is in consultation with investment bank Espirito Santo, seeking advice on funding options ahead of the... more

• Head of leading Scottish firm predicts unprecedented consolidation in legal services market

  Mar 15 2011 The chief executive of Shepherd and Wedderburn, Patrick Andrews, say that he is amazed by the number of approaches that he has received from senior lawyers who are... more

• UK firms have begun hiring non-executive directors

  Nov 02 2010 UK Law firms have started hiring non-executive directors to bring in outside expertise ahead of legislative changes that will impose tougher standards of corporate... more

• UK legal industry shake-up will cause 3000 firms to go under

  Oct 08 2010 The countdown is on, with the Legal Services Act set to make significant changes to the UK legal services industry in one year’s time. Many smaller firms will be... more

• Lawyers protest deregulation of UK legal industry

  Sep 23 2010 A protest outside London’s High Court yesterday saw lawyers handing out cans of baked beans branded with the slogan “Legal services by supermarkets is as ridiculous as... more

• MJ Hudson set to launch on private equity under new UK laws

  Jul 20 2010 MJ Hudson is set to become the first UK firm to take advantage of new laws allowing investment in legal practices, launching on the finance of a group of buyout firms.... more