Practice Management

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 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.

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.

Staff at two leading regional law firms have been awarded significant bonuses – one for use of AI and the other for their work in an employee-owned practice.

The biggest City law firms are paying their trainees less than their US competitors but working them harder, according to new research showing how pay continues to spiral.

Both the structure and delivery of legal services – such as a lack of guidance and reactive communication – can cause difficulties for consumers, new research has found.

Listed law firm Gateley has estimated that “pre-budget transactional inertia” shrunk its revenue by around £3m, wiping out growth in its corporate department.

Midlands law firm Wright Hassall held talks with 28 possible acquirers or merger partners over the course of a year before being sold in a pre-pack administration to one of them.

The managing partner of a fast-growing, employee-owned Yorkshire law firm says it is ready to expand outside the county after opening a 24th office.

The future of investment in the law will be more patient, minority investors who would appeal to the top 50 law firms, which to date have shown little interest in private equity.