Market monitor
Pandemic the “right time” to launch law firm
The founder of a niche commercial law firm which advises start-ups has said this summer was the “right time” to launch the business, despite Covid-19.
Obelisk adds paralegals and junior lawyers to freelance pool
Flexible resourcing pioneer Obelisk Support has launched a new paralegal service for law firms and in-house teams, with plans to add 500 full-time paralegals and junior lawyers to its talent pool.
Man who “probably” contacted Legal Futures pretending to be judge jailed for harassing him
A man found in contempt of court for repeatedly breaching injunctions imposed to stop him harassing a circuit judge has been jailed for 16 months.
Big firms “quietly” working to reclaim ground from alternative providers
The world’s largest law firms have been “quietly mobilising” to recapture revenue lost to alternative legal service providers by creating their own in-house versions, according to new research.
Rocket Lawyer imports English model back to US
Online legal business Rocket Lawyer is importing the model it has developed in England and Wales back to the US as its home country begins inching towards opening up to non-traditional offerings.
Employee ownership move like “rocket fuel”, says firm
A niche law firm which advises on employee share ownership and executive pay has become the latest to convert to an employee ownership trust.
Law Society conveyancing scheme a “barrier to competition”
The Law Society’s Conveyancing Quality Scheme is a “market barrier”, blocking entry to non-solicitor law firms, the Competition and Markets Authority has been told.
More mergers mark start of new insurance year
A host of mergers and acquisitions have been announced now that the 1 October deadline that most firms still stick to for their insurance renewal has passed, following a series unveiled last month.
Gunnercooke develops associate and multi-disciplinary offerings
Leading virtual law firm gunnercooke is ramping up its offering to associates as well as creating multi-disciplinary specialist consultancies in the next stage of its growth.
S&G to “automate everything” as it says: The future is digital
Slater & Gordon’s ambition to become the country’s leading consumer law firm will mainly be fulfilled online as it looks to automate as much legal work as it can, its chief executive has explained.
Blog
Could unpredictable AI costs finally lead firms to true value pricing?
For years, the legal profession has talked of moving away from the billable hour to value-based pricing without quite managing it.
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
Reports
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