The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Transport company Eddie Stobart lorries has launched a legal service that promises to connect businesses to barristers without having to go through a solicitor.
Stobart Barristers, the new service formed by the Stobart Group, has said it can cut the cost of barristers’ services by charging clients a fixed fee and using paralegals instead of solicitors to help prepare a case.
The service, which will refer individuals or businesses to barristers for a proportion of the upfront fee, was first formed four years ago when Stobart Group legal director Trevor Howarth decided the company should go directly to the bar.
Howarth said: “People want to know from the outset what a service is going to cost, but most who go to a solicitors don’t have a clue. We saw substantial reductions in our legal spend by going directly to barristers as well as the opportunities from alternative business structures [ABS] - everyone’s been looking at solicitors but nobody’s looked at the bar.”
Recent entrants to the ABS market have included Insurance firm Parabis, which agreed a £50m funding deal with private equity house Duke Street in January (6 February 2012).