Practice Management
Leading southern law firm launches referral network
Thrings, a law firm with offices across the South-West and South of England, has become the latest regional practice to launch a referral network for smaller practices.
Fifth of law firms looking to option of private equity backing
A fifth of law firms are considering private equity investment as a route to growth and transformation, according to new research.
Law firms disagree on what should be considered a complaint
Law firms are divided over what should be regarded as a complaint from clients, a survey by the Solicitors Regulation Authority has found.
Largest law firms raise rates by 10% but cut staff
The top 10 law firms have raised hourly rates by over 10% to an average of almost £500 while cutting staff numbers amid growing concern about the impact of AI.
Regional consolidators outperforming rest of legal market
Regional law firm consolidators are outperforming other disruptive models in the market and also the biggest practices in the country, an analysis by PwC has shown.
Proposed LLP tax will be “big hit” on legal profession
A new tax on LLPs could be “a big hit” on the legal profession, the Law Society warned yesterday, with figures showing it would mean a 7% increase in the effective tax rate for partners.
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.
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
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