Practice Management

The growth of fee-share law firm arch.law has continued with the addition of a five-strong London practice onto the platform, the first firm to join its network.

The first employee owned law firm in the country has now become a B Corporation, saying it is part of a movement to prove “there is a better way to do business”.

It’s been a busy couple of months for merger and acquisition activity in England and Wales, with firms expanding their geographical footprint a notable trend.

Lawyers are “leading the charge” among professional services firms when it comes to diversity, equality and inclusion initiatives, a report has found.

Law firms are “well placed” to set socio-economic diversity targets because of data they are required to collect by the SRA, a taskforce led by the City of London Corporation has said.

Five law firms have now agreed to offer all those who successfully apply for trainee solicitor and other training posts the opportunity to work part-time.

A leading Midlands law firm has become the fourth in the UK to obtain B Corporation status, meaning that it aims to balance profit with purpose.

Almost all larger law firms are increasing billable hours targets for their lawyers but write-offs are also on the rise, a report has found.

Seven in ten law firms say they lack confidence in negotiating fees while 40% “do not know with any certainty” what proportion of their client relationships are profitable.

Seven apprentices at the first large law firm to run the training scheme – which takes six years and includes a law degree – have qualified as solicitors.