Practice Management

The pace of consolidation in the legal market could increase after the funder that owns Simpson Millar launched a facility for law firms that want to grow through acquisition.

Six in 10 lawyers feel “less optimistic” about their career prospects after having children, with the feeling much more common among female solicitors than men.

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 often adopt diversity initiatives “because they are fashionable, not because they work”, an academic and diversity specialist has argued.

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.

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.

Law firms are struggling to understand the Solicitors Regulation Authority’s workplace environment rules introduced earlier this year, a leading regulatory solicitor has warned.

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.

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.

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.