Practice management – Page 89
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Challinors: it’s ‘business as usual’
Midlands firm Challinors today issued a ‘business as usual’ notice despite ongoing efforts to prepare for the sale of the practice.
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No welcome in the valleys for national firms, research finds
Welsh lawyers are unhappy with their government’s efforts to encourage English firms to expand into the country, a new study has found.
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Students ‘pessimistic’ about training contracts
A survey of almost 600 law undergraduates has found that around half are ‘pessimistic’ about obtaining a training contracy
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Private equity investor in £4m probate deal
Private equity investor Smedvig Capital has confirmed it has pumped £4m into probate company Kings Court Trust..
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60 lawyers to go at global giant
A US law firm with a significant presence in London has confirmed it is making 170 redundancies worldwide. Top 20 global firm Weil, Gotshal & Manges told staff in a mass email that 60 lawyers were being cut along with 110 support staff. A spokesman for the firm declined to ...
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Growth rate plummets at top 100 firms
Fee income growth achieved by the top 100 UK law firms more than halved in 2012/13, according to financial consultant Deloitte. The country’s leading firms managed a 2.6% increase in revenue for the last financial year, compared with a 6.6% increase in 2011/12. The year was capped off by a ...
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Lexcel divide could help cut PII premiums
The Law Society is considering expanding its Lexcel practice management standard scheme by creating separate quality marks for sectors such as private practice and in-house.
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Clients still failing to ‘shop around’
The Legal Services Board has called on regulators to provide clear information on provider performance
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LSA now better reflected in firms’ business plans
The proportion of firms that expect to change their business strategy in response to the Legal Services Act has more than doubled in the last three years
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Former partner loses six-year discrimination case
A six-year employment dispute involving a law firm is finally over
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‘Simples’: Compare The Market owner BGL buys Minster Law
BGL Group, the owner of price-comparison site Compare the Market, has bought personal injury specialist Minster Law
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Threat to jobs at DWF
Job losses are expected at national firm DWF after it announced it is reviewing over 80 posts
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‘Don’t ditch quality,’ says Desmond Hudson
Law Society chief executive Desmond Hudson has warned firms to avoid a ‘race to the bottom’ as they seek to survive and prosper in a tough market.
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SRA commits millions to interventions
The Solicitors Regulation Authority has already used 10% of its entire annual budget intervening in failed firms in 2013, the organisation revealed today.
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Another PI firm goes into administration
Personal injury firm Calibre Solicitors has been placed into administration resulting in 14 people being made redundant.
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Cobbetts creditors must wait and hope
Further details have emerged of defunct firm Cobbetts’ financial troubles as administrators begin talks with creditors.
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Cobbetts’ debt recovery arm finds a buyer
Administrators today confirmed that the final unsold part of defunct law firm Cobbetts has been acquired.
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Warnings follow Cobbetts collapse
The demise of top-100 firm Cobbetts should serve as a wake-up call for legal practices with outdated structures and mounting bank debts, legal sector finance experts said this week.
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News Focus: Cobbetts
As the Gazette went to press, it was unclear whether a drinks party at national firm Cobbetts was going ahead as planned. In the uncertainty following the firm’s acquisition amid financial troubles, the atmosphere at the Birmingham event would hardly have been conducive to ‘a wind-down and a few celebratory ...
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400 jobs saved as Cobbetts deal goes through
All training contracts will be honoured and more than 400 jobs saved at defunct firm Cobbetts, administrators today confirmed.