Mid-pack advisers faced contrasting fortunes over the year, with many generalists seeing margins under continued pressure, while a sizeable band of confident City and insurance players rode the winds With a combined total of 9,859 lawyers, 1,416 equity partners, £2.46bn in revenue and profits of £578.7m, the firms ranked 26-50 in the LB100 lag significantly …
Global accountants including KPMG and EY have the UK’s legal sector firmly in their sights as they consider their options under the Legal Services Act (LSA) in a move said by one tax partner at a leading City law firm to be ‘clearly a threat’. Last month it emerged that KPMG is looking at an …
Continue reading “Return of the accountants: KPMG and EY consider ABS”
Rescuing Ireland’s banks was a portentous decision in the aftermath of the global financial crisis. It has resulted in crippling consequences for the country, with the Irish government having to receive an €85bn bailout from the EU and the International Monetary Fund in November 2010. However, what the move hasn’t changed is the league of …
Sarah Downey assesses the much-touted review of legal education It promised so much and delivered so little. The Legal Education and Training Review (LETR) published its recommendations on 25 June, concluding what was dubbed as the most comprehensive assessment of legal education since the Ormrod report of 1971. Yet the 350-page report has proved an …
Continue reading “LETR of the day: education review opts for mum ‘n’ apple pie over radical change”
LPC provider follows arch rival to win university status It has been a long time coming, but in August BPP finally succeeded in its long quest to secure full university status, furthering the ambitions of the UK’s top law schools. The decision by the Department for Business, Innovation & Skills (BIS) to award the university …
Continue reading “BPP awarded university status after ‘rigorous’ review”
If you had reached the impression that Slater & Gordon’s acquisitive streak had come to a natural pause, if only for breath, that impression would be wrong. Having last week officially declared it is to acquire leading UK claimant personal injury firm Fentons, its fourth buyout in two years, chief executive Neil Kinsella (pictured) tells Legal …
Thanks to the economic turbulence that has plagued the Irish nation since 2008, Dublin’s largest firms continue to collect hefty recession related work post financial crisis, including most recently an appointment to advise the government’s asset and liabilities manager, the National Treasury Management Agency (NTMA). The NTMA, which is responsible for borrowing on behalf of …
The break-up of debt-laden Midlands firm Challinors took a ‘hunter turned hunted’ twist yesterday afternoon (22 August) after administrator RSM Tenon announced its own debt driven acquisition by rival Baker Tilly. RSM was appointed in July to oversee the sale of Birmingham-headquartered Challinors’ business, and earlier yesterday announced the sale of parts of the law …
Continue reading “RSM Tenon in administration as three UK firms carve out Challinors”
The keenly-watched administration of Midlands firm Challinors this evening (20 August) led to a first sale of its personal injury caseload to Liverpool-based SGI Legal. Birmingham-headquartered Challinors in July became the latest sizeable law firm to call in administrators, having filed a notice of intention to appoint Eric Walls and Wayne Harrison from KSA Group as …
Further consolidation in the personal injury market looks set to take place next week after it emerged that acquisitive Australian-listed firm Slater & Gordon (S&G) is in talks with London and Manchester personal injury firm Fentons. As first reported by RollOnFriday, S&G is expected to announce the deal on Tuesday (20 August). If the acquisition goes …
Continue reading “Personal injury: Slater & Gordon in talks to acquire Fentons”
