Practice Management
Law firm with 24 offices ready to expand beyond Yorkshire
The managing partner of a fast-growing, employee-owned Yorkshire law firm says it is ready to expand outside the county after opening a 24th office.
Move aside PE – “patient minority investors” target top law firms
The future of investment in the law will be more patient, minority investors who would appeal to the top 50 law firms, which to date have shown little interest in private equity.
“Why are law firms giving away stakes in their businesses?”
While it is not surprising that private equity is interested in investing in law firms, the real question is why law firms are giving away stakes in their businesses, a leading consultant has argued.
Senior associates are “biggest flight risk” for law firms
Senior associates are the unhappiest cohort of fee-earners at UK law firms and represent the biggest “flight risk”, according to research.
Global professional services network eyes more UK law firm deals
The UK law firm group owned by a global network of professional service firms is set to return to the acquisition trail in the coming months after a “bumpy” couple of years.
Listed professional services firm targets big lawyer expansion
Growing its new legal arm is a big priority for AIM-listed professional services business DSW Capital, with doubling the number of fee-earners the immediate goal..
Pre-pack deal and global merger lead way in latest M&A
A well-known Midlands law firm being sold following a pre-pack administration and a huge transatlantic merger lead the way in the latest M&A news.
Peers split on increasing NI contributions for LLPs
Peers were last week split on the idea of making limited liability partnerships pay employer-style National Insurance contributions.
GenAI could “reinforce rather than disrupt” the billable hour
The adoption of generative AI by lawyers “has the potential to reinforce rather than disrupt the billable hour model”, a legal academic has argued.
Digital assets “to play central role in law firm M&A”
Digital assets, data and “repeatable, digitally enabled processes” will play a central role in future law firm mergers, two leading advisers have predicted.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
