News

Countdown to Change

Time is running out for law firms that have not yet considered the changes they should make to compete with new entrants to the legal market, a leading commentator has suggested.

Speaking at the Law Society’s Law Management Section conference, Stephen Mayson, director of the Legal Services Institute, said that firms need to ‘prepare for a different market’ where much of the traditional law firm model is reinvented.

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Claims costs on the rise

Costs faced by the personal injury insurance industry are likely to rise despite government reforms of the system, according to a report by market analysts Datamonitor.

The report found that insurers have little faith that litigation changes will see solicitors lower their fees.

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Quality not quantity

As firms begin thinking about renewing their professional indemnity insurance, the Law Society has warned conveyancing solicitors to ignore its new Conveyancing Quality Scheme (CQS) ‘at their risk’.

Since the application process launched in January, almost 1000 firms have applied and 202 have been accredited.

Read more: Quality not quantity