Practice Management
Law firms “failing to be proactive on wellbeing”, says IBA
Developing a “proactive policy” to prevent wellbeing issues from arising appears to be a “significant challenge” for most law firms, a report by the IBA has found.
Exclusive: SRA authorises first AI-only law firm
The Solicitors Regulation Authority has for the first time authorised a law firm whose offering is solely provided by an AI-powered litigation assistant.
Top family firm chooses employee ownership over private equity
Leading specialist firm Family Law Partners has eschewed approaches from private equity houses to move instead to employee ownership.
Proportion of law firms using GenAI almost doubles
The proportion of law firms using GenAI has almost doubled, new research has found, with another study showing rapid adoption by M&A lawyers.
Hiring elite lawyers only works for law firms “with other stars”
Hiring star or elite lawyers generally does not work for law firms but it can if there are “other stars in the same area”, academics have found.
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.
Blog
Could unpredictable AI costs finally lead firms to true value pricing?
For years, the legal profession has talked of moving away from the billable hour to value-based pricing without quite managing it.
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
Reports
Associates
