Practice Management
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.
Family law firm allows solicitors to work four-day week
A family law firm in North London is giving its solicitors a day off every Wednesday as part of a pilot of the four-day working week, its managing director has revealed.
“AI won’t replace lawyers – so long as they embrace it,” says top City firm
Generative artificial intelligence will not replace lawyers, but lawyers who use it will replace those who do not, the head of lawtech at a leading City law firm has predicted.
Blog
AI risk: What law firms must now demand from vendors
AI systems ingest, transform, infer and generate. Treating them as equivalent to document storage or workflow tools is a category error.
Why mid-sized firms are the most interesting story in UK legal right now
Mid-sized law firms are facing a set of decisions about structure, technology and growth that will define where they sit in the market for the next decade.
Don’t be fooled by the civil court statistics
The latest civil justice figures look deceptively upbeat, with faster claims. But these numbers mask a deeper truth: people are still waiting more than a year for justice.
Reports
Associates
