Practice Management
LinkedIn superinfluencers “massively outperform” their law firms
Law firms need to redesign their social media strategies to embrace influencers who “massively outperform” their firms on LinkedIn.
Fee-share law firms growing faster than traditional practices
Fee-share law firms are still growing “at pace”, with two recruiting more lawyers in the first half of this year than any traditional practice, according to new research.
Law firms not seeing return on social media marketing spend
Law firms are spending a significant chunk of their marketing budgets on social media, but are seeing little return on investment.
Alarm over threat to remove funding from solicitor apprenticeship
Lawyers and training providers have expressed alarm at the prospect of the government removing funding for level 7 apprenticeships, like the solicitor offering.
Transatlanctic tie-up leads way in latest M&A activity
Herbert Smith Freehills has announced a “transformational” merger with a US firm, while HF has bought a construction practice, among recent M&A deals.
Client account interest helps small firms deal with margin pressure
Pressure on margins has become more acute for many SME law firms over the past year but optimism about the future remains high, according to new research.
Small law firms embracing AI as they move away from hourly billing
Small law firms have embraced artificial intelligence, with document drafting or automation the most popular application, according to new research.
Strong results for law firms despite high inflation
Four out of 10 law firms increased revenues above inflation in the last financial year, while 89% expect revenue to go up in the current year, research has found.
Most law firms and in-house teams struggling to recruit
Three-quarters of law firms and in-house legal departments have found it difficult to hire staff in the last 12 months, new research has found.
Top law firms embrace branding with “emotional buy-in”
There is “an emerging class” of law firms among the top 100 which have adopted brands “evoking emotional buy-in and defining themselves as social and client champions”.
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.
