Practice Management
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.
Law firm employee passwords “widely available” on Dark Web
Almost three-quarters of UK law firms have at least one employee password leaked into publicly available sources, the largest study of its kind has found.
AI use among lawyers soaring but impact on fees uncertain
Four out of five lawyers are currently using or planning to use artificial intelligence tools, according to new research – but the impact on pricing remains unclear.
Law firms abandoning partnerships “to raise external funding”
The main reason why larger law firms are moving away from traditional partnership structures is the lack of ability to raise external funding, a report has found.
National firm shutters four teams in restructuring
Fast-growing national law firm Taylor Rose has announced a restructuring which will see it shut down four teams and lead to some redundancies.
Law firm chooses employee ownership over private equity
The latest law firm to embrace employee ownership – also one of the largest – did so after turning down private equity offers worth “millions of pounds”, its chief executive has revealed.
Blog
Could unpredictable AI costs finally lead firms to true value pricing?
For years, the legal profession has talked of moving away from the billable hour to value-based pricing without quite managing it.
Is your Google Ads budget funding your competitors’ AI visibility?
If your cost-per-click has crept up again this year, you’ve probably assumed the market simply got more expensive. That’s the wrong way to read what’s happening.
Containing the spread of unapproved AI
Nearly 60% of fee-earners admit to using unapproved tools (like free versions of ChatGPT). Yet 68% of firm leaders are confident there is zero risk of unapproved AI being used for client work.
Reports
Associates
