ABS News and Analysis
Bath-headquartered Thrings has named company commercial head Simon Holdsworth as its new managing partner succeeding Thomas Sheppard.
Irwin Mitchell’s legal practice is closing in on the £200m revenue mark, with the firm’s commercial business generating revenues of £40m over the last financial year.
Birmingham-headquartered Shakespeares has added a six-lawyer team from Eversheds, led by real estate partner Brendan Walsh.
Australian listed firm Slater & Gordon is to bulk up its UK presence with the acquisition of Simpson Millar, Goodmans Law and the personal injury practice of Taylor Vinters.
Defendant insurance firm Plexus Law, a subsidiary of Parabis, is to merge with Greenwoods to create a £90m firm.
Irwin Mitchell has promoted its communications head Mark Duffell to the partnership in its largest partnership round to date.
Managing partner David Beech has claimed that the traditional training model is “dead” because it continues to teach students in the same way it did 30 years ago.
Vehicle incident management group FMG has become the latest business to launch an ABS in a bid to offer legal services.
FTSE100 insurer Admiral has stepped into the legal sector via two ABS joint ventures, with Bristol-based claims specialist Lyons Davidson and Cardiff-based compensation firm Cordner Lewis.
Midland’s firm Knights Solicitors has hired an energy associate from the City office of US firm Vinson & Elkins (V&E) in a bid to expand its energy practice.
Jackson reforms spark ABS revolution in personal injury sector
Motoring giant RAC has laid the foundations for a move into the legal market after agreeing a deal with the Quindell Portfolio estimated to be worth £500m annually.
Specialist food law firm ABC Food Law has been given the green light by the SRA to become an ABS.
Insurance group Ageas UK has become one of the first insurers to set up an ABS to provide legal advice.
The legal teams at neighbouring London authorities Lambeth and Southwark are considering setting up an ABS vehicle in a bid to cut their legal expenditure.