Practice Management
April Deals Day – law firms unveil acquisitons across country
A range of law firm acquisitions were announced yesterday, with national firm Weightmans swallowing up two practices.
MoJ to relax legal aid rules on remote consultations and office hours
The government is relaxing rules that control the amount of remote client consultations civil legal aid providers can offer, as well as their office opening times.
PE-backed Swedish law firm group eyes UK expansion
A private equity-backed group of law firms in Sweden has already had interest from UK practices as it looks also to expand across the Nordic region, its chief executive has revealed.
PE-backed firm sees capping billable hours as key to growth
A law firm that limits its solicitors to 25 billable hours a week has seen annual growth of 40% over the last two years.
Listed law firm eyes biggest acquisition
Listed law firm Knights has confirmed that it is in talks with a leading South-East practice in what would be by far the biggest deal it has ever done.
Half of clients think AI can replace solicitors
As many as half of law firm clients believe that AI can replace a qualified solicitor, although most say this would only be for routine matters.
Search fund buys conveyancing and private client law firm
An investor-backed search fund has acquired a conveyancing and private client law firm as the start of a ‘buy and build’ strategy aimed particularly at SME practices with succession issues.
Private equity house invests in two law firms in quick succession
A private equity house has acquired stakes in two law firms in quick succession – one specialising in conveyancing and the other in private prosecutions.
Irwin Mitchell sells off £10m debt recovery business
Irwin Mitchell is selling its debt recovery business as it focuses on core legal services, kicking off the latest round of law firm deals.
Entry of PE “puts focus on capital growth, not annual cash distribution”
Private equity allows law firms “to build for capital growth rather than cash distribution” and represents a “fundamental shift in how firms can compete”, the Law Firm Growth Summit heard yesterday.
Blog
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
Cross-generation collaboration: the key to in-house legal tech adoption
In-house legal function leaders will increasingly have to evolve their thinking on how to manage multigenerational teams containing differing levels of technological expertise.
AI and law firm risk – the view of professional indemnity insurers
In considering law firm applications for cover, many insurers will expect to see evidence of how firms are adapting to AI and preparing for the future.
