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NLJ this week: Thinking of setting up a legal consultancy?

14 July 2023
Issue: 8033 / Categories: Legal News , Legal services , Career focus , Profession
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The rise of legal consultants has been a game-changer for lawyers who want to work independently, manage their own caseload, and reduce the burdens of self-employment. In this week’s NLJ, Adrian Jaggard, CEO at AllC Group & Taylor Rose MW, looks ahead to the expansion of this model of working—research suggests one third of lawyers will work this way by 2026—and offers advice on how to prepare now for the changes to come.

Typically, lawyers act as self-employed consultants, retaining about 70% of their earnings, with the consultancy firm providing the overarching structure and support. As Jaggard writes, consultants can also ‘scale their operation within a lean environment, recruiting their own consultants and employees’. Law firms such as Taylor Rose MW, which has 700 fee-earners in its consultancy division as well as its traditional practice, also benefit. In fact, the firm is now expanding its consultancy division into Australia.

Jaggard also shares some tips and advice for firms considering launching a consultancy division—find them here.

MOVERS & SHAKERS

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Mourant—Stephen Alexander

Mourant—Stephen Alexander

Jersey litigation lead appointed to global STEP Council

mfg Solicitors—nine trainees

mfg Solicitors—nine trainees

Firm invests in future talent with new training cohort

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
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
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
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
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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