Practice Management
Axiom growth based on financially troubled firms, say administrators
Axiom Ince’s history of consolidating law firms with financial issues saw its turnover quadruple in just three years even before the Ince & Co and Plexus Law deals, its joint administrators have revealed.
Generative AI has turned legal tech adoption “on its head”
The arrival of generative AI has turned the process of legal tech purchasing and adoption “on its head”, the head of innovation and legal technology at national firm Addleshaw Goddard has said.
Law firm innovator takes practice forward as unregulated firm
Law firm innovator Alice Stephenson has turned her business into an unregulated practice, citing problems with HM Revenue & Customs and the costs of running a regulated law firm.
Hull practice becomes one of largest employee-owned firms to date
Hull-based Hudgell Solicitors has become one of the largest law firms to date to become employee owned, after founder Neil Hudgell decided to transfer the majority of shares to an EOT.
Law firm entitled to fire trainee who forwarded emails to private account
A law firm was entitled to summarily dismiss a trainee solicitor who forwarded client-related emails to a private email account, an employment tribunal has ruled.
PE-backed firm tops 80-office mark after latest acquisition
Private equity-owned Stowe Family Law has made its third acquisition in the past 18 months by buying Crisp & Co, a 17-office practice based in the South-East.
Consumer claims firm set to enter administration
One of the law firms that led the way in diversifying a personal injury practice into one handling a wide range of consumer claims has filed a notice to appoint administrators.
Allow us to refuse work for ethical reasons, junior lawyers tell firms
Junior lawyers want the right to refuse to work on certain matters for ethical reasons, but few firms currently allow it, research has found. They are frustrated too by the slow pace of cultural change.
Second acquisition in a month for PE-backed law firm
Private equity-backed law firm Nelsons has completed its second acquisition in a month as it looks to keep on growing, while Mayo Wynne Baxter has unveiled a deal too.
Two bonuses for staff in first year of firm’s employee ownership
A law firm which became 100% employee-owned a year ago has brought in an accountant to explain the firm’s finances to staff, who have so far received two tax-free bonus payments.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
