Practice Management

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.

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.

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.

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.

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.

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.

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.

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.

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

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.