Practice Management
Legal staff win tokens in law firm’s blockchain incentive scheme
Solicitors, trainees and paralegals at City firm Taylor Wessing have started receiving crypto-tokens for efforts that “go beyond their day job” – partners can give tokens, but not receive them.
Law firms adopt diversity initiatives “because they are fashionable”
Law firms often adopt diversity initiatives “because they are fashionable, not because they work”, an academic and diversity specialist has argued.
Law firms “failing to respond” to consumer enquiries
Law firms are losing business by failing to get back to potential clients, with as many as one in five enquiries going unanswered, new research shows.
SRA: Firms must be held accountable for progress on diversity
Law firms need to be held accountable over efforts to improve the profession’s equality, diversity and inclusion, the chief executive of the SRA said yesterday.
Firms risk SDT as they fail to act on new workplace conduct rules
Law firms are struggling to understand the Solicitors Regulation Authority’s workplace environment rules introduced earlier this year, a leading regulatory solicitor has warned.
Surge in legal businesses embedding social purpose as B Corps
There has been a surge in legal businesses becoming B Corporations, the movement which aims to balance profit with purpose, with Obelisk Support and the London Law Collective the most recent.
Law firms positive about finances despite rising costs
Many SME law firms feel optimistic about their financial performance this year even though staffing costs are set to rise quicker than fee rates, according to new research.
LSB set to beef up rules on how lawyers handle complaints
Lawyers are facing beefed-up rules on dealing with complaints, and the prospect of how quickly they handle them being made public, under proposals published yesterday.
Fewer lawyers on active search for new jobs, survey suggests
The proportion of lawyers actively seeking a new job fell for the third consecutive year to 10%, according to new research, although 45% described themselves as ‘passive’ jobseekers.
Integration and cash flow problems brought down law firm consolidator
The administrators’ report into the collapse in June of the Law Direct group has highlighted how hard it is to build a law firm consolidator, as problems with integration led to cash flow difficulties.
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.
