Practice Management
ABS platform now hosts five firms after latest acquisition
Law firm platform Bamboo has acquired Midlands-based Hawkins Hatton, making it the fifth practice operating through its umbrella alternative business structure.
Rising PII premium helped put paid to Liverpool claims firm
A number of adverse costs awards against Liverpool law firm High Street Solicitors pushed its insurance premiums up and contributed to its collapse, administrators have revealed.
Economic uncertainty “taking its toll” on lawyers
The state of the economy is “taking its toll” on lawyers, with 84% saying economic volatility and a “looming recession” are affecting their mental health, a report has found.
PII premiums rises to be lower than last year, says Law Society research
Professional indemnity insurance premiums will rise again this year but by less than in 2022, when it was 12% across the market, Law Society research has predicted.
City practice is first law firm to obtain ISO diversity certification
City firm CMS UK has become the first law firm to be awarded the new ISO 30415 diversity and inclusion certification, helping it to measure progress and decide what to focus on.
Fee-share firm to give retiring partners 10% of clients’ fees for life
A groundbreaking fee-share practice is to pay retiring lawyers 10% of the fees generated from their former clients for the rest of their lives and then their families once they die.
Two-thirds of large law firms researching generative AI
Nearly two-thirds (64%) of large law firms in the UK are exploring the potential of generative artificial intelligence (AI), along with around a third of smaller firms, a report has found.
£1.8m grant to help SME law firms “make sense” of tech market
A project to help around 60 SME law firms navigate a “confusing” market and adopt digital technology has been launched with £1.8m in government funding.
Mentoring scheme aims to help firms retain Black lawyers
A mentoring scheme involving qualified Black lawyers and senior lawyers in other law firms aims to help firms retain Black lawyers as well as understanding the obstacles they face.
Family law firm allows solicitors to work four-day week
A family law firm in North London is giving its solicitors a day off every Wednesday as part of a pilot of the four-day working week, its managing director has revealed.
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.
