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A legal rollercoaster

27 July 2012 / Richard Moorhead
Issue: 7524 / Categories: Features , Legal services
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Which way is the legal services market going, asks Richard Moorhead

The Legal Services Board have produced an interesting report (Market impacts of the legal services act–interim baseline report) seeking to bring together research and data on the market the legal services in England and Wales. It draws on data between 2006/07–2010/11. The report acknowledges that in a lot of the areas that the Board would like to have information, there are gaps. Nevertheless, the research that is pulled together here provides an interesting view of how the legal services market has been developing over the last four years.

Contraction

One of the most interesting elements of the report is the way it has evidenced the contraction in the legal services market. In 2010/2011, residential conveyancing was running at 54% of 2006/2007 levels. The figure for remortgaging was 28%. In broad terms, the market has halved. Demand for probate services fell to 70% of 2006/2007 levels. The level of family proceedings was largely static (although they are unable to say anything about

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MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

NEWS
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Bea Rossetto of the National Pro Bono Centre makes the case for ‘General Practice Pro Bono’—using core legal skills to deliver life-changing support, without the need for niche expertise—in this week's NLJ
In this week's NLJ, Steven Ball of Red Lion Chambers unpacks how advances in forensic science finally unmasked Ryland Headley, jailed in 2025 for the 1967 rape and murder of 75-year-old Louisa Dunne. Preserved swabs and palm prints lay dormant for decades until DNA-17 profiling produced a billion-to-one match
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
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