Practice Management
Community interest company uses AI to support immigration work
A community interest company is using artificial intelligence to help it provide pro bono advice to people seeking global talent visas to come to the UK.
Majority of mid-sized law firms “have been approached by PE”
Seven in 10 of mid-sized law firms have been contacted in the last year by a private equity investor or PE-backed law firm about acquisition, according to new research.
Criminal law firm to launch AI accreditation scheme
A criminal law firm in Manchester is turning its attention to artificial intelligence (AI) after 29 of its lawyers successfully obtained a client-care accreditation it created.
National litigation practice bought by private equity house
A national practice best known for its credit hire work has become the latest addition to the ranks of law firms owned by private equity.
Top offshore firm eyes new locations after taking external capital
Leading offshore law firm Walkers is eyeing geographic growth after becoming the latest to take external cash after agreeing a “strategic co-investment” into its fund and corporate services business.
Staff churn drops sharply as Knights reports positive results
Listed law firm Knights has significantly reduced staff churn, according to half-year results which showed a 30% rise in turnover to £130m, albeit most of it from acquisitions.
Clients demanding AI chatbots to “circumvent lawyers”
Large law firms are facing “increasing demands from clients” for AI chatbots to allow them to “self-serve and circumvent the need to direct all queries through lawyers”.
Government will put firms “at risk” with client account interest grab
The government’s proposed raid on client account interest “will put high street law firms at risk and force legal fees to rise for those that survive”, the Law Society has warned.
Two more acquisitions for leading PE-backed group
Two of the law firms owned by Lawfront, the largest buy-and-build group backed by private equity, have made their own acquisitions, in our first M&A round-up of the year.
AI tool aims to capture “invisible thinking” of lawyers
A legal tech startup led by a solicitor turned behavioural psychologist is aiming to capture the “invisible knowledge” of senior lawyers for the benefit of both junior lawyers and clients.
Blog
Fixed recoverable costs: Sacrificing justice for predictability?
The extended fixed recoverable costs regime is failing to achieve its stated objectives. Instead of promoting fairness and efficiency, the rules are creating anomalies that undermine justice.
Expectations keep rising, so prioritise client experience
Law firms are facing growing pressure to place greater focus on client experience or risk falling behind in an increasingly competitive legal market.
Want sustainable growth? Look to operational excellence
Many firms are being forced to reassess where growth will come from. Increasingly, the answer lies in operational excellence: creating capacity from existing teams.
