Practice Management

Recruitment is “by far the biggest obstacle” to the growth of law firms in 2023, with lawyers being “bombarded” with job offers, while addressing ESG is becoming more urgent.

There is a “massive value gap” in commercial legal services, which are “way too expensive”, the chief executive of a leading new-wave law firm has argued.

Lawyers questioning whether they should continue working in the law have become a major feature of calls to mental wellbeing charity LawCare, its annual impact report has shown.

A legal and professional services group with a ‘house of brands’ strategy has become the largest UK legal business to be certified as a B Corporation.

A large legal aid practice with a £10m turnover was sold to a consolidator in a pre-pack just before Christmas for only £200,000 upfront, it has emerged. But the jobs of all 80 staff were saved.

Staff at Ison Harrison, one of the largest law firms to be employee owned, have each received a tax-free profit share of £3,600 after the first year of the new structure.

“Feeling underappreciated” is the most common reason why associates want to leave their law firms, a study has found, with women more likely than men to be looking to change jobs.

Medium-sized law firms could save around £400,000 every year and reduce carbon emissions by digitising paperwork, research has estimated.

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”.