Practice Management
Hull practice becomes one of largest employee-owned firms to date
Hull-based Hudgell Solicitors has become one of the largest law firms to date to become employee owned, after founder Neil Hudgell decided to transfer the majority of shares to an EOT.
Law firm entitled to fire trainee who forwarded emails to private account
A law firm was entitled to summarily dismiss a trainee solicitor who forwarded client-related emails to a private email account, an employment tribunal has ruled.
PE-backed firm tops 80-office mark after latest acquisition
Private equity-owned Stowe Family Law has made its third acquisition in the past 18 months by buying Crisp & Co, a 17-office practice based in the South-East.
Consumer claims firm set to enter administration
One of the law firms that led the way in diversifying a personal injury practice into one handling a wide range of consumer claims has filed a notice to appoint administrators.
Allow us to refuse work for ethical reasons, junior lawyers tell firms
Junior lawyers want the right to refuse to work on certain matters for ethical reasons, but few firms currently allow it, research has found. They are frustrated too by the slow pace of cultural change.
Second acquisition in a month for PE-backed law firm
Private equity-backed law firm Nelsons has completed its second acquisition in a month as it looks to keep on growing, while Mayo Wynne Baxter has unveiled a deal too.
Two bonuses for staff in first year of firm’s employee ownership
A law firm which became 100% employee-owned a year ago has brought in an accountant to explain the firm’s finances to staff, who have so far received two tax-free bonus payments.
City solicitor chief: AI poses risk to legal careers – but not quite yet
Artificial intelligence poses “a medium to long-term” risk to legal careers, the chair of a new City of London Law Society committee on it has predicted.
Most clients do not believe law firms “genuinely committed” to ESG
Only a third of clients believe large law firms are genuinely committed to environmental, social and governance issues, a report has found.
Law firms increasingly screening clients against ESG values
The increasing extent to which clients are being screened against environmental, social and governance issues was laid out at a Law Society conference last week.
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.
