News – Page 136
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Banks’ global legal spend hits £200bn
Survey of 16 global banks shows legal costs have risen by almost a fifth since last year.
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Weightmans confirms Leeds merger plan
Top-50 firm in advanced talks with Yorkshire practice about a takeover.
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Gateley float raises £30m
Share price surges in early trading as national commercial firm makes history by listing on Alternative Investment Market.
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Gateley stock exchange float makes history
Sector analysts expect competitors to follow firm’s fortunes closely as they review growth strategies and consider whether to follow suit.
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Nottingham firm signs up with bar regulator
Husband and wife ran Invictus Legal as a solicitors’ firm for five years, before opting to set up a new company as a Bar Standards Board-regulated entity.
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Top-100 firms enjoy 6.3% rise in fee income
Law firms expect growth to continue next year – but worries persist over profitability.
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A&O brings in bonus pot to take on US rivals
The magic circle firm made the change to lockstep as top UK firms seek to compete with their US counterparts.
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More top-100 firms post profit hikes
Taylor Wessing, Fieldfisher and Bristows all enjoyed a bumper 2014/15.
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SRA ‘loosens the grip’ on separate business rule
Regulator seeks a level playing field for existing firms to own or manage separate businesses.
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BSB plans to drop mandatory CPD hours
Regulator is proposing to abolish the requirement for barristers with over three years’ practising experience to complete mandatory 12 hours of CPD.
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High growth in City as skilled jobs stay in London
Over the next debate the legal and accounting sector is set to create almost 5,000 jobs in the City.
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Welsh government boosts ‘new-style’ firm with £325,000 grant
Carbon Law says investment will create 25 jobs in Cardiff.
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Firm sorry for Alton Towers personal injury tweet
Statement released today blaming message on ‘severe error’ of judgement.
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Bond Dickinson claims 20% profit rise
Revenue up 7% as national firm continues to thrive after 2013 merger.
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Expanding practice snaps up files of collapsed firm
Express Solicitors now targeting further acqusitions helped by bank financing.
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Quindell deal boost for Slater and Gordon
Acquisition will enhance earnings per share at Australia-listed law firm.
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Chinese-owned ABS sets up in London
Yangtze Law aims to capitalise on the increasing number of Chinese companies looking for foreign investment.
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City firm announces first articled apprenticeship
Mayer Brown becomes the first City firm to offer the alternative route to qualification.
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Employment tribunal caseload rebounds after slump
The number of single claims in tribunal cases jumps 16% in six months after slump caused by fees.
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Flight delay compensation firm becomes ABS
FairPlane approved seven months after a landmark ruling opened the way to a wave of claims against airlines.