ABS news

Direct Line takes on 150 Parabis lawyers to preserve ABS operation

The ABS set up by Direct Line and now-defunct Parabis, DLG Legal Services, is continuing operations after the insurer paid Parabis £1 for its nominal share of the business and took on 150 ex-Parabis lawyers. As part of the agreement reached between the two parties DLG received a net payment of £3.9m from Parabis LLP, […]

lending money

Full details of Parabis administration emerge as Plexus sale completes

Full details of the pre-packed administration of Parabis Group have been revealed with the business parcelled out to firms including Carpenters Law and Lyons Davidson. The founders of defendant insurance business Plexus Law have completed their acquisition of the business, with Plexus and 2013 merger partner Greenwoods, the consumer business of Cogent Law, and claims […]

southampton

Parabis partner fallout continues as Plexus buyout looms closer

Greenwoods partners Bilal Mirza and Simon Lindsey are set to leave the firm before Keoghs’ upcoming acquisition of sister company Plexus Law, The Lawyer understands. Lindsey and Mirza are set to join insurance litigation specialist Horwich Farrelly before the Keoghs deal is finalised. It is also understood that up to 30 lawyers will be joining […]

london

Ince considers ABS status as it looks to rebalance its business

Ince & Co senior partner Jan Heuvels has revealed that the firm is considering adopting an ABS structure in order to offer additional services to its clients. The move is being considered as part of a strategy to rebalance Ince’s business by increasing the amount of transactional work the firm carries out. Currently, around 75 […]

barrister holds a wig, illustrates the successful QC appointments

BSB-approved “entities” double to 33, including four QC Ltds

The number of barristers authorised as entities by the bar regulator has more than doubled to 33 since the initial wave of approvals in April. The Bar Standards Board (BSB) began accepting applications from barristers to become entities – BSB-regulated businesses – at the start of this year. Four QCs are now among the list […]

Jeff Winn
4

Multi-millionaire PI lawyer Winn reveals how to build a business

Across the personal injury (PI) claims market firms are feeling the force of the fixed-fee system first brought about by the Jackson reforms. Profit margins are under attack.  Winn Solicitors, which once boasted a managing partner on a £5m salary, is one such firm grappling with the new world order. When The Lawyer first met […]

money

KPMG legal beats £10m revenue target in first year

Revenues generated by KPMG’s legal business are set to exceed the £10m target it set last October when it was granted an ABS licence. The accountancy firm was the second of the ‘Big Four’ to be awarded an ABS for its multi-disciplinary practice, rather than for a separate legal entity. Almost a year on and […]

money

Fairpoint sees turnover rise 64 per cent at half year

The Fairpoint Group has seen its turnover rise 64 per cent for the first six months of the current financial year, largely due to its acquisition of Simpson Millar and Foster & Partners last year. The interim results show Fairpoint’s revenue increased by 64 per cent from £13.9m to £22.9m when compared to the first […]

PwC Pricewaterhouse Coopers
1

Revenue growth gathers pace at PwC Legal as turnover hits £41m

PwC Legal, PricewaterhouseCoopers’ law firm, has pushed up revenue by 15 per cent in the last year with turnover of £41m for the financial year ending 30 June 2015. Growth has accelerated at the firm after it was granted an ABS licence in January 2014. Turnover for the financial year ending 30 June 2014 stood […]

Register now to The Lawyer to access our latest news stories, read selected briefings from key firms and gain essential careers insight to help you make the most of your current and future roles.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

Register now

Having problems?

Contact us on +44 (0)20 7292 3723 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here