Practice Management
New practice area and location for top PI firm leads latest M&A
Top personal injury firm Express Solicitors has expanded out of Manchester with an acquisition that also takes it into the data breach market as we round up the latest M&A.
Fast-growing professional services group buys first law firm
A multi-disciplinary professional services firm with significant financial backing has bought its first law firm as part of an “aggressive” buy-and-build strategy.
ICO fines law firm £60,000 after dark web publishes client data
A law firm which specialises in defending clients accused of sexual offences has been fined £60,000 after a cyber-attack saw “highly sensitive” details of 682 clients published on the dark web.
PE-backed law firms outperform market as revenues soar
Law firms backed by private equity have seen revenue growth of 30% in the last two years, twice the rate of the top 50, according to new research.
Listed firm eyes more acquisitions after agreeing big credit facility
Pioneering listed law firm Gateley has announced a new £80m revolving credit facility as it eyes further acquisitions alongside organic growth.
Another private equity-backed deal leads way in latest M&A
North-West law firm Farleys – part of private equity-backed Lawfront – has completed another acquisition as the group continues to grow, in our latest M&A round-up.
“An unprecedented number of investors are looking at law right now”
In the second part of this interview, Will Evans, who leads the professional services team at Arrowpoint Advisory, talks about the next steps for private equity investment in the law.
Major firm offers staff £1m bonus for million AI prompts
Staff at national law firm Shoosmiths will share a £1m bonus if they make a million Microsoft Copilot prompts in its next financial year.
Don’t be too “seduced” by AI, lawyers warned
Lawyers need to avoid being “so seduced” by what AI can do “that they don’t appreciate what it cannot”, a professional negligence specialist warned last week.
Client account interest drives rising profits at SME law firms
Almost all of the 21% increase in profits per partner seen by SME law firms last year came from client account interest and they need to “wean themselves off” it, a Law Society report has warned.
Blog
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
