Practice Management
Tribunal makes protective awards to staff of defunct Newcastle firm
The employment tribunal has issued protective awards in favour of 13 former employees of Newcastle firm Short Richardson & Forth for failing to consult over their redundancies.
ABS platform now hosts five firms after latest acquisition
Law firm platform Bamboo has acquired Midlands-based Hawkins Hatton, making it the fifth practice operating through its umbrella alternative business structure.
Rising PII premium helped put paid to Liverpool claims firm
A number of adverse costs awards against Liverpool law firm High Street Solicitors pushed its insurance premiums up and contributed to its collapse, administrators have revealed.
Economic uncertainty “taking its toll” on lawyers
The state of the economy is “taking its toll” on lawyers, with 84% saying economic volatility and a “looming recession” are affecting their mental health, a report has found.
PII premiums rises to be lower than last year, says Law Society research
Professional indemnity insurance premiums will rise again this year but by less than in 2022, when it was 12% across the market, Law Society research has predicted.
City practice is first law firm to obtain ISO diversity certification
City firm CMS UK has become the first law firm to be awarded the new ISO 30415 diversity and inclusion certification, helping it to measure progress and decide what to focus on.
Fee-share firm to give retiring partners 10% of clients’ fees for life
A groundbreaking fee-share practice is to pay retiring lawyers 10% of the fees generated from their former clients for the rest of their lives and then their families once they die.
Two-thirds of large law firms researching generative AI
Nearly two-thirds (64%) of large law firms in the UK are exploring the potential of generative artificial intelligence (AI), along with around a third of smaller firms, a report has found.
£1.8m grant to help SME law firms “make sense” of tech market
A project to help around 60 SME law firms navigate a “confusing” market and adopt digital technology has been launched with £1.8m in government funding.
Mentoring scheme aims to help firms retain Black lawyers
A mentoring scheme involving qualified Black lawyers and senior lawyers in other law firms aims to help firms retain Black lawyers as well as understanding the obstacles they face.
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.
