Practice Management
Law firm awarded £25k damages for defamatory Trustpilot review
The High Court has awarded a law firm damages of £25,000 for a defamatory review on Trustpilot posted by a disgruntled former client who paid £200 for advice.
“Troubling inequality” persists for BAME consumers of legal services
A “troubling inequality” between BAME and White British consumers in the way they access legal services has changed little in the five years since it raised the issue, the consumer panel has found.
Commercial firm aims to create “biggest in-house chambers”
Leading commercial firm DAC Beachcroft has launched an “in-house chambers” which plans to expand rapidly and become “the biggest of its kind” by end of the year.
From M&A to Malta: New Year brings host of law firm growth strategies
The year has kicked off with a spate of law firm expansion activity, whether through mergers, huge team hires, file acquisitions or one Essex law firm maintaining EU links by opening in Malta.
Difficult year for Law PLC, with most firms seeing share prices dive
Acquisitive regional practice Knights was the only listed law firm to defy the Covid gloom and end 2020 with its share price higher than where it began, a Legal Futures analysis has shown.
Firm sues former lawyers for causing its financial failure
A claim by a law firm owner who alleges that the departure of four lawyers to another practice caused his firm’s administration has come out into the open in the High Court.
Law firm leaders expecting market consolidation in 2021
There are “high expectations” among law firm leaders of consolidation in the legal services market during 2021 and beyond, research has found – although there is often little strategy behind deals.
3,000 law firms “could be forced to close or merge”
As many as 3,000 law firms could be forced to close or merge over the next few years after the conveyancing bubble bursts and the recession really kicks in, a leading law firm consultant has warned.
Small firm solicitors’ wellbeing worsening as homeworking stretches on
Homeworking has led to many solicitors at small firms experiencing feelings of isolation and lack of motivation – but also most want it to continue in some form post-Covid, a survey has found.
The Unilever of law? Shakespeare Martineau’s big ambitions
Shakespeare Martineau has outlined its ambition to be a top 30 law firm by 2025 as it rolls out its unique new ‘house of brands’ strategy, with “crowdfunding” staff investment one possible way to raise finance.