Practice Management
Listed law firms lay out £4m impact of NI increase
Listed law firm Gateley said yesterday that it expected “pricing and efficiencies” to mitigate the extra £1.8m that the National Insurance increase is set to cost it.
LinkedIn superinfluencers “massively outperform” their law firms
Law firms need to redesign their social media strategies to embrace influencers who “massively outperform” their firms on LinkedIn.
Fee-share law firms growing faster than traditional practices
Fee-share law firms are still growing “at pace”, with two recruiting more lawyers in the first half of this year than any traditional practice, according to new research.
Law firms not seeing return on social media marketing spend
Law firms are spending a significant chunk of their marketing budgets on social media, but are seeing little return on investment.
Alarm over threat to remove funding from solicitor apprenticeship
Lawyers and training providers have expressed alarm at the prospect of the government removing funding for level 7 apprenticeships, like the solicitor offering.
Transatlanctic tie-up leads way in latest M&A activity
Herbert Smith Freehills has announced a “transformational” merger with a US firm, while HF has bought a construction practice, among recent M&A deals.
Client account interest helps small firms deal with margin pressure
Pressure on margins has become more acute for many SME law firms over the past year but optimism about the future remains high, according to new research.
Small law firms embracing AI as they move away from hourly billing
Small law firms have embraced artificial intelligence, with document drafting or automation the most popular application, according to new research.
Strong results for law firms despite high inflation
Four out of 10 law firms increased revenues above inflation in the last financial year, while 89% expect revenue to go up in the current year, research has found.
Most law firms and in-house teams struggling to recruit
Three-quarters of law firms and in-house legal departments have found it difficult to hire staff in the last 12 months, new research has found.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
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.
Reports
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