Practice Management
Law firms need to prepare for different demands of Gen Z lawyers
Law firms need to start adapting to the concerns and motivations of ‘Gen Z’ as they begin to enter the workplace, an International Bar Association report has warned.
Axing apprenticeship funding “a disaster for the legal profession”
Scrapping government funding for Level 7 apprenticeships would be “a disaster for the legal profession and have a highly negative impact on social mobility and diversity”.
City law firm puts focus on helping clients use AI
A City law firm is putting a focus on “helping clients understand the potential” of AI, with a new tool which acts as a “custom-built AI layer” for them.
Law firms switch indemnity insurers in “more plentiful” market
The proportion of law firms switching insurer for lower premiums at last year’s October renewal rose significantly with capacity “much more plentiful”, with good signs for this year too.
Law firm sustainability leaders “do not have knowledge they need”
Only 38% of law firm ‘sustainability champions’ – individuals chosen by firms to lead green initiatives – have the knowledge they need to fulfil their roles effectively.
ESG moving up agenda as mid-sized law firms seek growth
Mid-sized law firms are focused on growth but recruitment troubles risk holding back their plans, according to new research who showed they were taking ESG more seriously too.
More than third of clients do not instruct same firm for new work
Fewer than two-thirds of consumers who needed legal services more than once used the same firm, according to new research.
“Rapid uptake” of AI by in-house lawyers to manage litigation
There has been a “rapid uptake” of AI by in-house legal teams in the past year, with four out of 10 adopting it for the first time to manage litigation.
Share payout for staff as national firm takes private equity cash
National insurance and commercial law firm HF has become the latest to take private equity investment, with all staff to receive payouts due its existing share scheme.
Smaller law firms should “compromise profits today” to invest in tech
The only thing that makes it hard for smaller law firms to invest in legal tech is “compromising profits today for growth tomorrow”, the founder of a fast-expanding commercial law firm has said.
Blog
Lessons from Sir Keir Starmer for SRA chief
The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.
The hidden risks in client account reconciliations
The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.
Mentoring the next generation of litigation leaders
As a female lawyer, from the North, with a state school education, I understand the value of sharing perspectives, experiences and contacts.
