Practice Management
“Why are law firms giving away stakes in their businesses?”
While it is not surprising that private equity is interested in investing in law firms, the real question is why law firms are giving away stakes in their businesses, a leading consultant has argued.
Senior associates are “biggest flight risk” for law firms
Senior associates are the unhappiest cohort of fee-earners at UK law firms and represent the biggest “flight risk”, according to research.
Global professional services network eyes more UK law firm deals
The UK law firm group owned by a global network of professional service firms is set to return to the acquisition trail in the coming months after a “bumpy” couple of years.
Listed professional services firm targets big lawyer expansion
Growing its new legal arm is a big priority for AIM-listed professional services business DSW Capital, with doubling the number of fee-earners the immediate goal..
Pre-pack deal and global merger lead way in latest M&A
A well-known Midlands law firm being sold following a pre-pack administration and a huge transatlantic merger lead the way in the latest M&A news.
Peers split on increasing NI contributions for LLPs
Peers were last week split on the idea of making limited liability partnerships pay employer-style National Insurance contributions.
GenAI could “reinforce rather than disrupt” the billable hour
The adoption of generative AI by lawyers “has the potential to reinforce rather than disrupt the billable hour model”, a legal academic has argued.
Digital assets “to play central role in law firm M&A”
Digital assets, data and “repeatable, digitally enabled processes” will play a central role in future law firm mergers, two leading advisers have predicted.
Survey: Profits up in the City, down in the regions
City law firms are outperforming their regional counterparts, with partner profit pools rising by 12% in London but falling by 11% outside of it, according to new research.
Employee ownership “a way of saying we are not for sale”
The managing director of a Kent law firm which has turned down multipe private equity advances has described its move to employee ownership as “a way of saying we are not for sale”.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Reports
Associates
