Practice Management
Private equity boom pushes law firm valuations to “upper end”
Competition among private equity buyers has pushed the value of law firms to the “upper end” of their “legitimate range”, it was claimed yesterday.
Smaller law firms reject M&A in favour of organic growth
The proportion of smaller law firms considering merger or acquisition as a growth strategy has halved in a year to just one in 20, with a shift in focus to organic growth.
Knights adds Essex and IFA services in latest acquisition
National firm Knights yesterday announced its 24th acquisition since listing in 2018 with a £16.6m deal for Essex law firm Birkett Long that will take its annual revenues to over £200m.
Law firms “failing to be proactive on wellbeing”, says IBA
Developing a “proactive policy” to prevent wellbeing issues from arising appears to be a “significant challenge” for most law firms, a report by the IBA has found.
Exclusive: SRA authorises first AI-only law firm
The Solicitors Regulation Authority has for the first time authorised a law firm whose offering is solely provided by an AI-powered litigation assistant.
Top family firm chooses employee ownership over private equity
Leading specialist firm Family Law Partners has eschewed approaches from private equity houses to move instead to employee ownership.
Proportion of law firms using GenAI almost doubles
The proportion of law firms using GenAI has almost doubled, new research has found, with another study showing rapid adoption by M&A lawyers.
Hiring elite lawyers only works for law firms “with other stars”
Hiring star or elite lawyers generally does not work for law firms but it can if there are “other stars in the same area”, academics have found.
New practice area and location for top PI firm leads latest M&A
Top personal injury firm Express Solicitors has expanded out of Manchester with an acquisition that also takes it into the data breach market as we round up the latest M&A.
Fast-growing professional services group buys first law firm
A multi-disciplinary professional services firm with significant financial backing has bought its first law firm as part of an “aggressive” buy-and-build strategy.
Blog
Mazur: a symptom not a cause?
If Mazur is a symptom, what does it mean for the underlying health of our civil justice system: the ‘finest legal system in the world’?
Cross-generation collaboration: the key to in-house legal tech adoption
In-house legal function leaders will increasingly have to evolve their thinking on how to manage multigenerational teams containing differing levels of technological expertise.
AI and law firm risk – the view of professional indemnity insurers
In considering law firm applications for cover, many insurers will expect to see evidence of how firms are adapting to AI and preparing for the future.
