Practice Management
SME firms performing well even though chargeable hours fall
Small and mid-sized law firms had a good year financially in 2021/22 but could perform better still if their fee-earners were billing the hours they should, research has found.
PE-backed family law firm makes second acquisition in a year
A second acquisition in a year by private equity-owned Stowe Family Law leads the way in our round-up of the latest activity among alternative business structures.
Clients “holding City law firms to account on diversity”
Clients are holding City law firms to account on diversity and firms that fail to respond to this pressure will lose work, the chair of the City of London Law Society has said.
Leading firms sign up to rainmaker programme for female lawyers
Some 40 leading law firms have so far signed up to an e-mentoring programme that aims to help female lawyers gain the business development skills they need to become rainmakers.
Law firm offers staff free menopause diagnosis service
National law firm TLT is launching a free menopause diagnosis service for all female staff today to coincide with International Women’s Day.
Competition law to grow fastest among practice areas
Demand for competition law will grow fastest this year, while the markets for private client and criminal law shrink slightly, research has predicted.
HF gives staff shares as it bids to double turnover in four years
Defendant insurance law firm HF has handed employees free shares in the business as part of an ambitious growth plan that includes diversification, acquisition and maybe even a stock market listing.
Law firms double revenue growth amid salary pressures
Law firms doubled their revenue growth in the last financial year as they prepared to reward staff with salary rises, research has found.
Is your law firm’s claims management activity compliant?
The outsourcing of marketing activity has become a common feature of many law firms that handle claims-related work – a tacit acceptance perhaps that attracting clients requires specialist skills which some lawyers simply do not have.
New family law firm commits to four-day working week
The founder of a new family law firm has said she works a four-day week and will be recruiting staff to work in the same way. The “emotionally draining” nature of the work made it important.
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.
