Practice Management
AI “could amplify gender biases in legal profession”
Increased use of artificial intelligence could “perpetuate or even amplify existing gender biases in the legal profession”, new research has warned.
Broadfield UK goes live as founder of international law firm
Southern England firm BDB Pitmans yesterday became Broadfield UK, the founder member of a planned international law firm supported by a global management consultancy.
Listed law firms lay out £4m impact of NI increase
Listed law firm Gateley said yesterday that it expected “pricing and efficiencies” to mitigate the extra £1.8m that the National Insurance increase is set to cost it.
LinkedIn superinfluencers “massively outperform” their law firms
Law firms need to redesign their social media strategies to embrace influencers who “massively outperform” their firms on LinkedIn.
Fee-share law firms growing faster than traditional practices
Fee-share law firms are still growing “at pace”, with two recruiting more lawyers in the first half of this year than any traditional practice, according to new research.
Law firms not seeing return on social media marketing spend
Law firms are spending a significant chunk of their marketing budgets on social media, but are seeing little return on investment.
Alarm over threat to remove funding from solicitor apprenticeship
Lawyers and training providers have expressed alarm at the prospect of the government removing funding for level 7 apprenticeships, like the solicitor offering.
Transatlanctic tie-up leads way in latest M&A activity
Herbert Smith Freehills has announced a “transformational” merger with a US firm, while HF has bought a construction practice, among recent M&A deals.
Client account interest helps small firms deal with margin pressure
Pressure on margins has become more acute for many SME law firms over the past year but optimism about the future remains high, according to new research.
Small law firms embracing AI as they move away from hourly billing
Small law firms have embraced artificial intelligence, with document drafting or automation the most popular application, according to new research.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
