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WEB1 day ago · Navigating M&A in PI and clin neg: The changing game. Consolidation has swept the PI and clinical negligence markets, accelerating mergers and acquisitions. The entry of private equity, once seen as unlikely in claimant work, changed the game. Legal news and updates from Legal Futures.
Consumer claims firm went bust owing litigation funders £200m
WEBJan 15, 2024 · Consumer claims firm SSB Law went into administration earlier this month owing six litigation funders a total of £200m, it has emerged. The report of its joint administrators said that, although it had nearly 43,000 cases on its books, this was not enough for an “overhead cost base” geared towards greater volumes.
Solicitor sells employment law business for £61m - Legal Futures
WEBOct 30, 2020 · A solicitor who left private practice to set up an employment law, HR and health & safety business 16 years ago sold it yesterday for £61m to a new big player in the employment law world. Mark Ellis is retiring from Chester-based Ellis Whittam following its acquisition by Marlowe plc, a specialist health & safety and regulatory compliance ...
Law firms “cheating” clients out of interest on their money
WEBAug 22, 2024 · Law firms are could have made as much as £1.3bn in interest on client money in 2022/23, it has been claimed amid scrutiny of what they pass on to clients. “Bereaved families are among thousands of people being cheated out of interest on their own money by solicitors”, according to a study by personal finance website Finder.
Solicitor lost unencrypted USB stick full of client information
WEBJul 29, 2021 · USB stick: Solicitor did not realise it was lost. A solicitor who lost an unencrypted USB stick full of client information that was subsequently found by a member of the public has been rebuked by the Solicitors Regulation Authority (SRA). The storage device contained approximately 1,400 documents created over three and a …
Second acquisition in a month for PE-backed law firm
WEBNov 13, 2023 · Private equity-backed law firm Nelsons has completed its second acquisition in a month as it looks to keep on growing. The East Midlands firm’s deal for Nottingham-based Cleggs Solicitors follows the addition of Pattersons Commercial Law in Leicester.. Cleggs has an 11-strong team offering a broad range of private client and business services; Pattersons was of a similar size.
Blixt to pay £22m for first two acquisitions as it builds national ...
WEBJan 13, 2023 · Blixt entered the legal market is summer 2021 by acquiring Essex law firm Fisher Jones Greenwood (FJG) and the Lawfront accounts indicate that it paid £2.9m in cash plus £1.2m in deferred consideration. Lawfront says it is looking to build “a leading national law firm through partnering with high quality, likeminded firms concentrating on ...
Huge US law firm start-up targets London presence by spring
WEBJan 8, 2024 · One of the largest law firm launches in US legal history – a ‘distributed’ practice with over 130 senior lawyers announced last week – is set to plant its flag in London shortly. Pierson Ferdinand is peeling away a huge number of lawyers from FisherBroyles, which was a pioneer of the model of senior lawyers leaving big firms to …
Value of UK class actions up by a third to £106bn - Legal Futures
WEBSep 20, 2023 · Assessing the quantum of class action claims in the UK for the first time, researchers found the total value increased by more than a third from €90bn (£77bn) in 2021 to €123bn (£106bn) in 2022. Researchers said the largest single UK claim concerned the collapse of the Mariana dam in Brazil, where the claimants are seeking around €41bn.
Government eyes £42m boost through 10% court fees rise
WEBNov 13, 2023 · The government is set to recoup up to £42m a year more in court fees after proposing a 10% increase in over 200 fees. The Ministry of Justice (MoJ) is also to introduce inflation-based increases in court fees every two years as opposed to the ad hoc approach taken to date. A consultation published on …