Practice Management
“Generational shift in priorities” between aspiring and established lawyers
There is “a significant generational shift in priorities” between those seeking their first job as a lawyer and those already working for law firms, a report has found.
Another volume consumer claims firm goes down owing £37m
Another law firm specialising in volume consumer claims has collapsed, with administrators called in yesterday at Liverpool-based McDermott Smith Law.
Law firm turns four-day week pilot into permanent fixture
One of the very few UK law firms to trial a four-day week has now formally adopted it after a successful pilot that proved a “massive attraction” to potential recruits.
Partner underperformance hitting many law firms’ profitability
Partner underperformance remains an issue for most law firms and continues to affect profitability “significantly”, according to new research.
West Midlands ‘supercluster’ aims to drive forward lawtech
Plans to boost innovation and the use of lawtech in the West Midlands over the next decade have been unveiled by the UK’s first professional services technology ‘supercluster’.
Senior legal managers speak out on menopause challenges
Women with senior management roles in the legal world have spoken out on how the menopause has affected them in the workplace in a bid to build a new movement.
Private equity-owned law firms progress acquisition strategies
One private equity-owned law firm has unveiled its latest acquisition, while another has announced a re-financing deal so it can buy more firms.
Law firm fails to strike out former partner’s unfair prejudice petition
Well-known London litigation firm Candey has failed in a bid to strike out an unfair prejudice claim brought by a former partner.
Law firm moves staff to four-day week
A law firm specialising in family and commercial work has seen fee income rise after introducing a four-day week. Staff are paid 100% of salary and their financial targets have not changed.
SRA issues M&A warning to law firm buyers and sellers
Solicitors have been warned by their regulator about undertaking adequate due diligence on mergers and acquisitions and putting client interests first when striking the deal.
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.
