Practice Management

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.

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.

More than 40% of the top 200 law firms have been awarded an ‘F’ rating (the worst) for the energy used by their websites.

National firm Simpson Millar has rescued personal injury firm Novum Law out of administration, with the funder that owns the former also a creditor of the latter.

National law firm TLT is “confident” that it will reach its target of having equal numbers of male and female partners in five years’ time, moving away from PQE as a metric.

The “herd instinct” of barristers can be used to help allocate work fairly and close the gender pay gap in the profession as a result, a chambers director has suggested.

More than seven out of 10 professionals have experienced “discriminatory or exclusionary behaviour in the workplace” in the past five years, a major study that included lawyers has found.

Failure by lawyers to engage on diversity issues should be “taken into account” and have “consequences” in performance reviews, a report has recommended.

The combination of a challenging economy, partner caution about investment, and changing demands of clients will be drags on growth this year, according to a survey of large law firms.

AIM-listed group RBG Holdings – which encompasses London law firms Rosenblatt and Memery Crystal – raised £2.8m in funding yesterday, slightly more than it had sought.