Dozen silks sign up for launch of ABS LawVest

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  • LawVest? Nice idea, but will the market wear it?

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  • For the mid tier bar this is a huge wake up call. Those at the top of the commercial bar are cashing in on huge rates but it is difficult to see how smaller sets can cope with the onset of fixed fees, block contracting, reduced legal aid rates. This is just one model and certainly won't fit all, but hurrah for some much needed innovation.

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  • There seems to be a large number of barristers from 3 Pump Court on the list. Why is this?

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  • Is this the beggining of a fragmentation of the bar?

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  • The billable hour is still pretty common in transactional firms... Will they start following suit?

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  • LawVest? Is that in case they lose their shirts?

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  • This is hardly suprising as there will be an increasing number of such ventures emerging. What will be really interesting will be noting how many of them survive the first flush of enthusiasm and energy and have the longevity and resources (and management) to still be around in a year

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  • Cost certainty and price transparency are two of the three critical issues for businesses looking to instruct (as indeed they are for members of the public). The third element of high quality counsel goes without saying in a legal system as revered as ours.

    So, will this latest development lead to price wars (as is the concern in some sets)? It may, it may not. It will undoubtedly lead to price comparison.

    It will, however, result in chambers becoming more proactive in differentiating their skills and services from their competitors. They will need to become increasingly innovative in how they attract and retain business. They will need to become more aggressive in marketing their wares to the business sector and they will need to have strong partnerships in place with law firms or other legal professionals if they are to adequately meet the demands of the market.

    It promises to be a very exciting year!

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  • If it launched today, does the website launch at a later date? After four pages of google searching Riverview law I gave up and tried Lawvest, also to no avail. Am I missing something?

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  • Anonymous @4:56pm

    The sites for both LawVest and Riverview Law were the first results to come up when I searched for those terms just now on Google.co.uk. On Google.com LawVest comes up first, Riverview admittedly doesn't appear in the first few pages, but then it is a UK initiative and most users will be searching from UK search engines as Google defaults to whatever country you're based in.

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