141 law firms in final closure warning to gain cover as research claims partners ignorant of insolvency risk

While there are signs of recovery at larger law firms, fresh evidence of the pressure on smaller practices has emerged this week with the Solicitors Regulation Authority (SRA) confirming that 141 law firms unable to gain insurance cover are now entering a final period before they face an enforced wind-up.

141 law firms in final closure warning to gain cover as research claims partners ignorant of insolvency risk

While there are signs of recovery at larger law firms, fresh evidence of the pressure on smaller practices has emerged this week with the Solicitors Regulation Authority (SRA) confirming that 141 law firms unable to gain insurance cover are now entering a final period before they face an enforced wind-up. The 141 firms have moved …

Still in the headlines – Embattled Co-op appoints new GC for bank amid group shake-up

The Co-operative Bank (Co-op) has announced the appointment of former interim general counsel (GC) of Coventry Building Society Brona McKeown as legal chief and company secretary shortly after current GC Alistair Asher moves to head the legal function across the Co-operative Group. Prior to Coventry Building Society, McKeown held a variety of roles at Barclays, …

Revolving doors: Strategic growth for Mishcon, Hill Dickinson, Herbert Smith Freehills, Orrick Rambaud and Addleshaw Goddard

Mishcon de Reya this week (25 November) announced that it is to completely restructure its tax offering, consolidating its real estate, corporate tax, and private tax and wealth planning divisions and invest in the area with the hire King & Wood Mallesons SJ Berwin tax partner John Skoulding and solicitor Charlie Sosna from Berkeley Law. Focusing …

Team hire: TLT takes on 30-strong Irwin Mitchell team in Manchester

TLT is putting its fledgling Manchester office at the centre of its UK-wide growth plans as the top 60 LB100 firm takes on a 30-strong Irwin Mitchell team, including former commercial litigation head John Lord. The six-partner team, who will join the 250-lawyer firm’s six month old Manchester office before Christmas, also includes non-contentious property partner Andrew Bell, employment partner Ed Cotton, …

Investigations: RBS appoints panel firm Clifford Chance to conduct independent review

Investigations have become big business for the City’s thriving litigation teams although the majority of them happen behind closed doors for valued clients and are not said to offer an ‘independent’ assessment. A recent exception is the Royal Bank of Scotland’s (RBS) disclosure yesterday (25 November) that it has appointed Clifford Chance (CC) to conduct an …

International expansion: Speechly opens in Paris as Rouse and Tilleke Gibbins launch in Myanmar

The burgeoning Paris market has drawn in another UK name as Speechly Bircham opens in the City while UK IP firm Rouse expands into Myanmar alongside new South East Asian entrant Tilleke & Gibbins, which has also launched in Indonesia and Laos. Its fourth new European office in two years, UK top 55 firm Speechly Bircham opened …

Blood from a stone: Walker Morris withdraws from personal injury market as Co-op Legal announces PI job cuts

The post-Jackson reforms have claimed further victims as Leeds-based Walker Morris has announced it is to close its personal injury (PI) business, while Co-operative Legal Services has confirmed its personal insurance division is undergoing a restructuring which is likely to result in around 60 job cuts. Around 48 staff are at risk of redundancy as …

H1 2013/14: Osborne Clarke sees half year revenues jump by 12%

Osborne Clarke is the latest top 50 firm to announce positive results for the first half (H1) of the 2013/14 financial year as it posts a 12% rise in group revenues to €71.6m, which includes the firm’s international offices, while the UK boasts an 8% increase to £39.1m. The 500-lawyer firm, ranked as number 32 in the …

Team work in the public sector as Bevan Brittan joins forces with Harrow and Barnet councils

The dividing line between private practice and public legal services providers is blurring again with Harrow and Barnet councils unveiling a new partnership with Bevan Brittan as the two local authorities become the first to apply for an alternative business structure (ABS) licence. Harrow and Barnet councils, which came together in September last year to …