Practice Management
Half of clients think AI can replace solicitors
As many as half of law firm clients believe that AI can replace a qualified solicitor, although most say this would only be for routine matters.
Search fund buys conveyancing and private client law firm
An investor-backed search fund has acquired a conveyancing and private client law firm as the start of a ‘buy and build’ strategy aimed particularly at SME practices with succession issues.
Private equity house invests in two law firms in quick succession
A private equity house has acquired stakes in two law firms in quick succession – one specialising in conveyancing and the other in private prosecutions.
Irwin Mitchell sells off £10m debt recovery business
Irwin Mitchell is selling its debt recovery business as it focuses on core legal services, kicking off the latest round of law firm deals.
Entry of PE “puts focus on capital growth, not annual cash distribution”
Private equity allows law firms “to build for capital growth rather than cash distribution” and represents a “fundamental shift in how firms can compete”, the Law Firm Growth Summit heard yesterday.
Largest law firms continue to lag behind in partnership diversity
The country’s largest law firms continue to lag behind the rest of the profession in promoting women and ethnic minority solicitors to partner, authoritative new figures have shown.
PE-backed group finding firms propped up by client account interest
Law firms being over-reliant on client account interest for their profits is among the reasons why the private equity-backed Adeptio Law Group has yet to make a major acquisition.
Taylor Rose first to hit landmark of 1,000 consultant solicitors
Taylor Rose has become the first law firm with more than 1,000 consultants on its books as its chief executive says there is still plenty of room to grow its hybrid model.
Women lawyers “still not talking to each other”
Women are leaving law firms at senior associate level, feeling “they are the only one struggling because they are not talking to each other”.
“Participation more important than stars” in law firm LinkedIn posting
“Broad participation” is more important than “star performers” in improving a law firm’s performance on LinkedIn, a report has found.
Blog
Lessons from Sir Keir Starmer for SRA chief
The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.
The hidden risks in client account reconciliations
The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.
Mentoring the next generation of litigation leaders
As a female lawyer, from the North, with a state school education, I understand the value of sharing perspectives, experiences and contacts.
