ABS News and Analysis

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Mishcon set to turn from partnership to full-equity LLP structure

19-Aug-2014 | By Kate Beioley

Mishcon de Reya is to vote next month on converting to an LLP and bringing all of its salaried partners into the equity.

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Local authorities clamber aboard the ABS bandwagon

15-Aug-2014 | By Joanne Harris

It has taken just over two years, but for those standing patiently at the ABS bus stop for a local authority to gain a licence the wait is finally over. And predictably, two have come along at once.

Irwin Mitchell

Irwin Mitchell’s profit drops 8.5 per cent to £17.1m as revenue inches up

15-Aug-2014 | By Hannah Gannagé-Stewart

Irwin Mitchell grew revenue by 1.2 per cent from £200.3m to £202.7m and saw profit before tax drop by 8.5 per cent from £18.7m to £17.1m last year, according to audited figures.

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ICAEW granted authority to license ABSs

14-Aug-2014 | By Hannah Gannagé-Stewart

The Institute of Chartered Accountants (ICAEW) has become the first non-legal entity with powers to regulate probate services and license alternative business structures (ABSs). 

Jessica Farmer

Bevan Brittan makes it two in a row as London's Barnet and Harrow awarded local authority ABS

13-Aug-2014 | By Kate Beioley

The London boroughs of Harrow and Barnet, which recently merged their legal groups, have become the second local authority in-house team to be awarded an alternative business structure (ABS) licence, following Buckinghamshire County Council last week. 

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Slater & Gordon UK doubles revenue to £101m for 2013/14 year

12-Aug-2014 | By Hannah Gannagé-Stewart

Slater & Gordon’s UK revenues have smashed through the £100m barrier, with an 119 per cent increase in turnover from £46.1m to £101m (A$182.5m) for the 2013/14 financial year.

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Bucks County Council teams up with emergency services group for first local authority ABS

8-Aug-2014 | By Hannah Gannagé-Stewart

Buckinghamshire County Council has become the first local authority to form an alternative business structure (ABS), after the Solicitors Regulatory Authority (SRA) granted it a licence.

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Parabis reviews future of Bristol and Colchester offices, affecting 41 staff

4-Aug-2014 | By Joanne Harris

Parabis has begun a consultation affecting some 41 staff over the future of its Bristol and Colchester offices.

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Palamon buys majority stake in Simplify Legal Group

29-Jul-2014 | By Hannah Gannagé-Stewart

QualitySolicitors’ owner Palamon Capital Partners has acquired an undisclosed majority shareholding in Simplify Legal Group.

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Industrial disease firm Roberts Jackson receives £15m private equity injection

25-Jul-2014 | By Hannah Gannagé-Stewart

Cheshire-based industrial disease specialists Roberts Jackson has received a £15m cash injection from private equity firm NorthEdge Capital.

Rachel Atkins

ABS of the Year Roundtable: Variety adds spice

23-Jun-2014 | By Hannah Gannagé-Stewart

ABSs arrived just two years ago but their impact on the profession is already deep. In a pre-Awards debate, our shortlisters discuss the rough and smooth of the transition

Leeds

AIM-listed Fairpoint set to ramp up legal offering after Simpson Millar acquisition

19-Jun-2014 | By Hannah Gannagé-Stewart

AIM-listed consumer financial services business Fairpoint Group has stated its commitment to expanding Simpson Millar after it completed its acquisition of the firm earlier this week for an £8m consideration.

London

Bates Wells Braithwaite appoints accountant to partnership via ABS

13-Jun-2014 | By Hannah Gannagé-Stewart

Third sector specialists Bates Wells Braithwaite (BWB) has become the latest firm to be granted an ABS licence, paving the way for its first non-lawyer partner.

Cat Griffiths index

Beware the acquisitive accountant

9-Jun-2014 | By Catrin Griffiths

The accountants are making some lawyers jittery. Some, but not all.

London

EY Law continues growth spurt with Freshfields partner hire

3-Jun-2014 | By Joanne Harris

Accountancy and consulting giant EY has made another foray into the legal sector, hiring Freshfields Bruckhaus Deringer partner Richard Norbruis to lead its global transaction law practice.

Editor's Note

Matt Byrne

Pay more, perform better

14-Aug-2014

This week there’s more on the rumbling marketing pay row. In case you missed our news story about the £477,000 marketing directors – and the opinion article from Pinsent Masons’ director of communications ...

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Management News

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Slaughters appoints second diversity chief as it pilots flexi-working scheme

18-Aug-2014 | By Natalie Stanton

Slaughter and May has appointed a second diversity chief, Susannah Macknay, to assist the firm’s inclusion efforts.

Clifford Chance

Clifford Chance's Layton and Norman: We needed leaner leadership

15-Aug-2014 | By Kate Beioley

Clifford Chance’s new managing partner and corporate head are turning around the firm’s conservative reputation by taking an axe to the leadership team and getting tough on partners’ remits.

Money

Aaron & Partners posts record-breaking revenue of £7.26m off back of Bennett's acquisition

13-Aug-2014 | By Natasha Bernal

Chester firm Aaron & Partners boosted its turnover by 7.4 per cent from £6.76m to £7.26m during the 2013/14 financial year.

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KWM, Bakers and HSF have strongest brands in Asia, research finds

12-Aug-2014 | By Margaret Taylor

King & Wood Mallesons (KWM) and Baker & McKenzie have topped a survey of Asia-Pacific general counsel aimed at identifying the firms with the strongest brands in the region.

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Wiggin posts 22.3% rise in revenue for 2013/14 to £15.9m as profit jumps by 80%

12-Aug-2014 | By Matt Byrne

Cheltenham-headquartered media boutique Wiggin has posted a 22.3 per cent increase in revenue for the 2013/14 financial year, from £13m to £15.9m.

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Bakers breaks records for revenue and headcount with $2.5bn 2013/14 results

11-Aug-2014 | By Matt Byrne

Baker & McKenzie has posted its highest-ever revenue, recording a total turnover of $2.54bn (£1.51bn) for the 2013/14 financial year to 30 June.

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Management Analysis

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Peter Kalis: Disruptive BS and the false prophets of doom

14-Jul-2014

‘Disruptive innovation’ has quickly become a management-speak staple, but it does not stand up to scrutiny as a worthwhile analysis of the legal world

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Asia responds to a lighter touch

30-Jun-2014 | By Catrin Griffiths

This week we publish the second edition of The Lawyer Asia Pacific 150, the most comprehensive study of the legal market in the region

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Culture vs risk: How to run a law firm in challenging times

23-Jun-2014 | By Catrin Griffiths

It’s a critical balance in the push for innovation and durability. In the run-up to our Awards, Law Firm of the Year contenders tell us their secrets of success

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Evolution: our Law Firm of the Year winners reflect the changing times

23-Jun-2014

How The Lawyer Awards judges have recognised the delicate and intricate interplay between culture and innovation as the profession has developed 

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The Lawyer Management Guide: Finance

18-Jun-2014

Finance professionals are in the spotlight as The Lawyer Management asks: What’s a decent profit?

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The Lawyer Management Guide to KM

16-Jun-2014

Want to know what the future looks like? Allow these market-leading KM experts to tell you all about robo-lawyers, the use of AI, and the on-going importance of the telephone directory.

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