Practice Management
SME firms focus on profit over turnover amid AI spending
Four in five SME law firms have committed specific funds to AI-based solutions, according to new research that showed them focusing more on increasing profitability than turnover.
Listed law firm issues special dividend on back of strong results
AIM-listed firm Keystone Law announced a special dividend for shareholders yesterday after announcing a 23% increase in revenue and 31% jump in profit before tax.
Investor boost for Newcastle managed legal services provider
A Newcastle-based managed legal services business with its roots in Carillion and Clifford Chance’s operations in the city has attracted new investment.
Two more bolt-on deals for PE-backed Lawfront firms
Two of Lawfront’s group firms – Fisher Jones Greenwood and Farleys – have announced bolt-on acquisitions, taking the number of such deals since 2021 to 10.
Partnership-based IP firms “will struggle to invest”
Intellectual property firms based on a partnership model “will struggle to invest what is needed for the long-term future”, the chief executive of global IP firm Rouse has predicted.
Two more acquisitions by Orwins kickstarts autumn M&A rush
Private equity-backed Orwins has continued its rapid expansion by adding two firms to the group. We also report on a major insurance law merger and other freshly minted deals.
Growing number of lawyers worried about AI errors
The proportion of lawyers concerned about errors and hallucinations generated by AI has risen to 83%, while one in 10 are dependent on it.
Knights and Fletchers carve up Moore Barlow
Listed law firm Knights has agreed a deal for the commercial and private wealth practices of South-East law firm Moore Barlow, with private equity-backed Fletchers picking up the rest.
PE-backed group set for further acquisitions after refinancing
Lawfront, the private equity-backed group leading the ‘buy and build’ movement in the legal market, has completed a refinancing round that has nearly doubled its funding.
Latest Knights acquisition boosts Thames Valley offering
Listed law firm Knights has made its 29th acquisition since going public eight years ago, spending £4m on Thames Valley practice THP Solicitors.
Blog
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Information isn’t oversight – lessons from the PM Law review
The PM Law review’s real findings perhaps point to a failure mode applying to any organisation sitting on scattered risk information.
Reports
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