Practice Management
Exclusive: Lawfront eyes £150m group as ambitions grow
Private equity-backed Lawfront – which earlier this month made its fourth major acquisition – is now looking to build a group turning over £150m, Legal Futures can reveal.
Fourth major regional acquisition for PE-backed Lawfront
Private equity-backed Lawfront has made its fourth major acquisition, and eighth in total, by buying Manchester-headquartered Slater Heelis.
Bar earnings gap a “serious cultural and structural problem”
The earnings gap between male and female barristers is not explained by caring responsibilities, choice of practice area, or amount of legally aided work, Bar Council research has found.
Law firm unfairly dismissed long-serving staff member
A police station representative at a North-East law firm was unfairly constructively dismissed after having problems with the partner who supervised her.
Slew of law firms embrace growing B Corp movement
Several more law firms have become B Corporations, ranging from a long-established London firm to a niche disputes practice, taking the total to 20.
Law firm leaders believe associates are “less loyal”
Seven out of 10 law firm leaders believe associates are “less loyal than previous generations”, while only a quarter of associates aim to become a partner at their firm in the next five years.
Small law firm launches Australian partnership and tech business
A law firm specialising in advice for SMEs is launching a partnership with an Australian firm in a bid to provide clients with an international service which “does not cost an arm and a leg”.
M&A: Big firms buy small as listed legal practices swap advisory business
Large firms swallowing up small practices has been the theme of a spate of mergers and acquisitions, while one listed law firm has picked up a corporate advisory business sold by another.
Flood of lawyers swapping traditional firms for fee-share alternatives
Lawyers continue to leave traditional law firms for fee-share practices in large numbers, with one of them hiring more last year than any law firm in the land.
1,000% interest income rise masks profit falls at SME law firms
Interest income at small and medium-sized law firms surged by 1,000% last year, research for the Law Society has found, masking a significant fall in profits.
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.
