Practice Management
Don’t be scared off by size of wellbeing challenge, lawyers told
Concerns about wellbeing in the law have been elevated to such a level that employers may feel overwhelmed by the thought of tackling it.
PE-backed firm set to move outside of injury work for first time
A private equity-backed serious injury firm is to move into other consumer law services for the first time with an “imminent” acquisition, Legal Futures can reveal.
PE-backed law firm expands referral network across country
An expanding West Midlands law firm, acquired this time last year by a private equity house, is to expand its referral service for smaller firms across the country.
Lawyers Who Care “breaking down barriers” for aspiring lawyers
The group Lawyers Who Care has arranged mentorships for 77 aspiring lawyers who have been in the care system in its first year, an impact report has shown.
Margins rise at mid-sized firms as role of interest income lessens
Mid-sized law firms have improved their margins for the first time since 2021 while also reducing their exposure to client interest income, according to NatWest.
PE-backed deal and reverse takeover lead latest M&A rush
The annual rush of M&A activity around the October insurance renewal season has included a private equity-backed deal and a firm buying another more than twice its size.
Law firm targets London growth after taking private equity
A 25-partner law firm has become the first mid-market practice in London to take private equity investment, with plans to grow both organically and through acquisition.
UK law firms increase responsible business scores as US plunges
The top 100 UK law firms have increased their responsible business scores, while the average results for US counterparts have crashed “in the face of political headwinds”.
Poor mental health rife in the profession, says major study
Six in 10 people working in the law have poor mental wellbeing, while a fifth feel they have been bullied, harassed or discriminated against in the past year.
Launch of barrister apprenticeships moving closer
Candidates should soon be able to apply for the first barrister apprenticeships, it emerged at an event that also featured a debate about the existence of ‘imposter syndrome’.
Blog
Could unpredictable AI costs finally lead firms to true value pricing?
For years, the legal profession has talked of moving away from the billable hour to value-based pricing without quite managing it.
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
Reports
Associates
