Practice Management
Law firm platform offers £50,000 incentive to aid “softer landing”
The legal arm of AIM-listed professional services business DSW Capital is offering teams that join it an incentive of £50,000 per lawyer to set up their own practices on its platform.
PE-backed Orwins unveils another deal as M&A activity hots up
Private equity-backed Orwins is making good on its growth plans by adding Newcastle law firm Clarke Mairs to the group. We also report on other PE and regular M&A activity.
Turnover, profit and debt up at listed firm as it sheds staff
Listed law firm Gateley yesterday issued a mixed set of results, with revenue up by 8.2% but debt quadrupling to £25m, while it is planning to cut up to 40 support staff.
Latest acquisition helps drive growth at multi-disciplinary firm
A 170-year-old law firm has made its sixth acquisition in seven years as it pursues a strategy of bringing together legal services, wealth management, trusts and tax planning.
Law firm finally moves beyond Yorkshire with 27th office
Employee-owned Yorkshire law firm Ison Harrison has opened its first office outside the county, in Manchester, a move championed by one of its partners.
Law firms “need to prove authority” to gain AI approval
Most law firms are failing to send AI engines like ChatGPT, Claude and Gemini the signals they need to recommend them to potential clients, groundbreaking research has found.
New ‘buy and build’ group offers firms succession solution
A new legal group backed by a private investment office has acquired an Oxford practice as the first step in a buy-and-build strategy.
Most consumers think they should keep interest from client accounts
A majority of clients believe that they should keep interest earned on client accounts, research for the Legal Services Consumer Panel has found.
General counsel see lower bills as main benefit of AI
General counsel see cost savings as the most important benefit from external law firms’ use of AI, according to research which advises firms to address the issue head-on.
Knights hails “return to organic growth” as turnover tops £200m
Listed law firm Knights yesterday reported a “return to organic growth” in its last financial year as part of a 28% bump in revenues to almost £208m.
Blog
AI risk: What law firms must now demand from vendors
AI systems ingest, transform, infer and generate. Treating them as equivalent to document storage or workflow tools is a category error.
Why mid-sized firms are the most interesting story in UK legal right now
Mid-sized law firms are facing a set of decisions about structure, technology and growth that will define where they sit in the market for the next decade.
Don’t be fooled by the civil court statistics
The latest civil justice figures look deceptively upbeat, with faster claims. But these numbers mask a deeper truth: people are still waiting more than a year for justice.
Reports
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