Practice Management
LSB approves separation of compliance and management roles
The Legal Services Board has approved rule changes to separate law firm managers who can “unilaterally” make decisions from compliance officer roles in all but the smallest firms.
Second deal in a month for new ‘buy and build’ legal group
The new legal group backed by a private investment office and aimed in particular at law firms with succession issues has made its second acquisition.
SRA warns over “emerging” money laundering risks for law firms
Acting for cash-intensive high street businesses and relying on existing due diligence are “emerging” risks in the fight against money laundering, the SRA has warned.
Minster Law unveils acquisition to accelerate major growth plan
Personal injury firm Minster Law has followed up its plan to more than double its turnover in five years by acquiring ARAG Law’s PI business.
Top offshore business takes minority private equity investment
Mourant – the offshore group combining legal, governance and consulting services – has taken minority investment in a deal that could open up options for other large firms.
New model complaints procedure “does not guarantee compliance”
The Legal Ombudsman has warned lawyers that using its new model complaints resolution procedure is not “a proxy” for regulatory compliance.
Boosting self-worth leads to higher fees for law firms
Lawyers need to boost their feelings of self-worth so that they do not crumble in the face of – or even before – client demands about fees, an adviser has urged.
PwC: “Meaningful barriers” to automating most legal work
With most law firms rapidly adopting AI, new research by PwC has shown that 80% of legal work faces “meaningful barriers” to full automation.
Non-lawyer men leading AI charge at biggest law firms
Most top UK and US law firms now have a senior executive tasked with overseeing their use of AI – but only a third are lawyers and a quarter are women.
Second acquisition in five months for PE-backed group
The law firm at the centre of private equity-backed Adeptio Law Group has made its second acquisition of the year.
Blog
AI risk: What law firms must now demand from vendors
AI systems ingest, transform, infer and generate. Treating them as equivalent to document storage or workflow tools is a category error.
Why mid-sized firms are the most interesting story in UK legal right now
Mid-sized law firms are facing a set of decisions about structure, technology and growth that will define where they sit in the market for the next decade.
Don’t be fooled by the civil court statistics
The latest civil justice figures look deceptively upbeat, with faster claims. But these numbers mask a deeper truth: people are still waiting more than a year for justice.
Reports
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