Practice Management
Law firm uses trainees to find problems and solve them with AI
A law firm is using teams of trainee solicitors to find problems that can be solved by artificial intelligence, develop solutions and present them to managers.
Mental health challenges “costing large law firms millions”
Mental health challenges are costing large law firms millions of pounds every year and reducing productivity by 19%, a report has indicated.
Make wellbeing “part of lawyers’ performance assessments”
Lawyers’ approach to wellbeing should form part of their performance assessments, while firms should have “open and honest discussions” with clients about mental health.
Large law firms negative about impact of GenAI on finances
The majority of large law firms outside of the top 10 are negative about the impact of generative artificial intelligence on their practices, new research has shown.
Traditional partnership losing appeal, says boss of PE-backed firm
The traditional partnership model is losing its grip on solicitors, according to the boss of a private equity-owned firm who says it has been able to do things it could not before the takeover.
Smaller firms falling out of love with merger, research finds
One in 10 smaller law firms are open to mergers or acquisitions, a proportion which has fallen steadily over the last two years, new research has found.
Scottish law firm extends English footprint with City acquisition
Scottish law firm Gilson Gray has extended its expansion south of the border by acquiring City of London-based PCM Solicitors, with plans to enter other markets too.
Gap between EDI policy and practice at law firms and in-house
There remains a gap between policy and practice when it comes to diversity, equality and inclusion at both law firms and in-house legal departments.
Embracing the Madness – firm begins acquisition push with music practice
A London law firm with a host of high-profile clients is targeting more acquisitions after bringing in a boutique practice particularly well known for its entertainment work.
Former law firm CEO takes majority stake in legal pricing platform
The former chief executive of listed legal services group RBG Holdings has taken a majority stake in a platform which uses AI to help law firms price their work.
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.
