Practice Management
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.
Law firm’s AI agent supporting junior paralegals
A venture capital-backed law firm’s AI agent is handling both legal and non-legal work for its lawyers, its founder has said – like creating files, drawing up ‘to do’ lists and drafting emails,
AI “could amplify gender biases in legal profession”
Increased use of artificial intelligence could “perpetuate or even amplify existing gender biases in the legal profession”, new research has warned.
Broadfield UK goes live as founder of international law firm
Southern England firm BDB Pitmans yesterday became Broadfield UK, the founder member of a planned international law firm supported by a global management consultancy.
Listed law firms lay out £4m impact of NI increase
Listed law firm Gateley said yesterday that it expected “pricing and efficiencies” to mitigate the extra £1.8m that the National Insurance increase is set to cost it.
Blog
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
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.
