Practice Management


Law firms “must showcase how they make the world better”

27 October 2020

Law firms wanting to recruit the best young lawyers must showcase how they make “the world a better place”, a report on the post-pandemic legal services landscape has said.


Mergers increasingly based on net assets in absence of goodwill

27 October 2020

Law firm mergers and acquisitions are increasingly based on net assets rather than a multiple of income or profits, as many do not have any inherent goodwill, an adviser has said.


Female lawyers anxious over disproportionate impact of Covid

23 October 2020

Almost a quarter of women in the profession have not seen their incomes return to pre-Covid levels with one in five still on less than their previous working hours, a survey has found.


Top PI firms reveal mixed profits as another hits TV to build brand

22 October 2020

Two leading personal injury law firms have recorded contrasting results that take lockdown into account, while Minster Law has launched its first national TV advert to promote its PI work.


Law firm loses appeal against penalty for late tax payment

21 October 2020

A law firm has lost an appeal against a penalty imposed by HM Revenue & Customs for the late payment of tax under PAYE, with the tribunal saying it should have posted the cheque in good time.


“Don’t drain law firms of Black talent”, GCs told

19 October 2020

General counsel have become so insistent in demanding that law firms give them Black candidates for secondments and legal work that they are in danger of draining them of Black talent.


Exclusive: Keystone investor eyes next legal opportunity

16 October 2020

The private equity investor who set Keystone Law on the road to listing is on the look-out for a new legal venture – but is not interested in traditional law firm partnerships.


Exclusive: High street consolidator buys three more firms

13 October 2020

Echelon Law, an alternative business structure which specialises in buying small high street law firms with succession problems, is set to acquire three more, Legal Futures can report.


Employee ownership move like “rocket fuel”, says firm

8 October 2020

A niche law firm which advises on employee share ownership and executive pay has become the latest to convert to an employee ownership trust.


Race equality and inclusion in law firms “totally achievable”

8 October 2020

Bonuses for managers could be made contingent on improvements in social mobility and the representation of minority ethnic people in law firms, it was suggested yesterday.

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Blog


Success planning trumps succession planning

Delivering messages that impact work colleagues is probably the hardest thing law firm leaders have to do, especially to older generation lawyers approaching the end of their careers.


Why remote working has exacerbated cyber-security concerns

The ‘rule of six’ has been in place since 14 September, with fines levied for those who break it and now we are seeing even more drastic restrictions reimposed. So what does this mean for the UK’s cyber-security?


Reports


Report Cover
Our latest special report, produced in association with Temple Legal Protection, looks at the role of after-the-event (ATE) insurance in commercial litigation post-LASPO.

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