Practice Management
Most law firms willing to consider selling stake to external investor
Three-quarters of law firms – and especially those at the smaller end of the market – would consider selling a percentage of their business to an external buyer, new research has revealed.
Linklaters aims for 50% remote workers for redesigned ALS offering
City giant Linklaters is aiming to have half of its over alternative legal services staff, who currently number over 100, working remotely, it has emerged.
Law Society: Climate change a “valid” reason to reject clients
Climate-related issues may be “valid considerations” for law firms in deciding whether to act for potential clients, the Law Society has said.
Law firms failing to help general counsel stay up-to-date
Most general counsel spend at least five hours a week keeping up-to-date with legal developments but law firms are not delivering the content they need.
Profession “gives least support to lawyers caring for relatives”
The legal profession gives least support to lawyers caring for relatives who are not their children, while lawyers without children are also often overlooked, a poll of freelance lawyers has found.
Private equity house backs fourth law firm acquisition
The private equity house looking to building a £100m legal services group has made its fourth acquisition with a bolt-on for Lancashire firm Farleys.
Law Society research highlights solicitor wellbeing woes
Solicitors score lower than the UK average on all positive measures of wellbeing, and are more likely to rate their anxiety higher, Law Society research has revealed.
Employee ownership specialists become employee owned
A law firm specialising in employee ownership, which has advised other law firms on setting up employee ownership trusts, has itself become 100% owned by its employees.
Bolt-ons and regional deal buck quiet M&A market
Merger and acquisition activity has been slow in the first quarter of 2023, but there have been niche bolt-ons, a Kent merger and a chambers merger too.
Corporate work to drive legal market growth in 2023
The legal services market should see a year of steady growth in 2023, with corporate law the main driver, and family law and probate demand also strong, new research has predicted.
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.
