Practice Management
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’.
Doing nothing “is a legitimate strategy for lawyers”
Doing nothing is “a legitimate strategy” for lawyers which “maintains focus on key objectives and avoids burnout”, the founder of LOD (Lawyers on Demand) has argued.
Buoyant Keystone sees share price soar alongside income and profits
Listed firm Keystone Law continues to make significant strides, with revenue up 17% in the first half of its financial year and likely to exceed market expectations for the full year.
Biggest law firms lead way in using – and showing they use – AI
New research has highlighted the importance of using artificial intelligence – and being seen to use it – among the largest law firms.
Acquisition and US ABS first for Lawhive after footballers invest
Consumer law platform Lawhive has said it will be looking for similar targets after buying fee-share law firm Woodstock Legal Services and setting up an ABS in the US.
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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