Practice Management

Class action law firm Pogust Goodhead is changing its name back to PGMBM so as to remove the surnames of its founders – but their initials live on.

Banks will cut the interest they pay on law firms’ client accounts from up to 3.75% to 1% if the government goes ahead with its plan to take most of the money.

A specialist employment law firm is the first to become a licensee with DSW Legal, an arm of AIM-listed professional services business Dow Schofield Watts.

Private equity-backed Canford Law has made it second major acquisition in a fortnight, with the deals doubling its size nationally amid a host of other M&A announcements.

AI is acting as “an informal form of pre-complaint ‘triage’” that is more likely to influence consumers not to complain than to complain, according to Legal Ombudsman research.

Law firms must be careful not to impose policies on client account interest that set too high a de minimis threshold, a senior reporting accountant has warned.

Ison Harrison has made its first acquisition outside Yorkshire, buying North-West practice Dootsons and increasing its total number of offices by three to 30.

Lawyers are wrong to think that the need for human judgement will protect them from AI taking on most of their role, Professor Richard Susskind has argued.

Four in 10 law firms would actively consider third-party investment, according to research that also warned some firms would go bust without client account interest.

National firm Canford Law has acquired ,property services business PDC Group, its first deal since being bought by private equity, as we round up the latest deals.