Practice Management
Regional mergers and another PE-backed deal in latest M&A
The private equity owned Fletchers Group made another acquisition yesterday, while a merger is set to create a 500-person firm operating in Lincolnshire and Yorkshire.
Private equity invests £1.2bn in the law in just five years
Private equity has invested nearly £1.2bn into law firms over the last five years, with a record £534m coming last year, according to figures published today.
Law firm’s partnership agreement was not varied, High Court rules
Two former partners of a law firm did not vary their 50/50 partnership after it was set up so that one would be in sole control, the High Court has ruled.
Law firms set to enjoy second year of good PII market
The cost of professional indemnity insurance for many law firms fell last year, and there are positive signs for renewal in 2025 too, a leading broker has declared.
Law firm plays down BBC story on restricting AI use
Commercial law firm Hill Dickinson has played down a BBC report that it has blocked general access to several AI tools after it found a “significant increase in usage” by staff.
Legal LinkedIn users report trolling and “sexual comments”
Two-thirds of legal LinkedIn users received harassing, negative or ‘troll’ messages or comments, with 35% receiving “sexual comments” on the platform.
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.
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.
