Practice Management

Law firms are spending a significant chunk of their marketing budgets on social media, but are seeing little return on investment.

Lawyers and training providers have expressed alarm at the prospect of the government removing funding for level 7 apprenticeships, like the solicitor offering.

Herbert Smith Freehills has announced a “transformational” merger with a US firm, while HF has bought a construction practice, among recent M&A deals.

Pressure on margins has become more acute for many SME law firms over the past year but optimism about the future remains high, according to new research.

Small law firms have embraced artificial intelligence, with document drafting or automation the most popular application, according to new research.

Four out of 10 law firms increased revenues above inflation in the last financial year, while 89% expect revenue to go up in the current year, research has found.

Three-quarters of law firms and in-house legal departments have found it difficult to hire staff in the last 12 months, new research has found.

There is “an emerging class” of law firms among the top 100 which have adopted brands “evoking emotional buy-in and defining themselves as social and client champions”.

A law firm is using teams of trainee solicitors to find problems that can be solved by artificial intelligence, develop solutions and present them to managers.

Mental health challenges are costing large law firms millions of pounds every year and reducing productivity by 19%, a report has indicated.