Practice Management
Law firms “leading the charge” on diversity among professions
Lawyers are “leading the charge” among professional services firms when it comes to diversity, equality and inclusion initiatives, a report has found.
Law firms “well placed” to set socio-economic targets
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.
Major firms sign up to part-time working initiative for trainees
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.
Leading Midlands law firm is latest to adopt B Corp status
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.
Lawyers billing more hours, but write-offs increasing too
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.
Law firms “lack confidence in negotiating fees”
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.
Pioneering apprentices qualify as solicitors at leading law firm
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.
“Win-win” as Sussex firm embraces employee ownership
A law firm in Sussex has become the latest employee-owned law firm, with its former owner saying he expected more to follow suit. Staff at a firm that did it last month are to receive £500 each already.
Law firm wins VAT battle with HMRC over office leases
A law firm LLP that used a shell company to enter into leases for its offices has won an appeal against an HM Revenue & Customs decision that it could not recover the VAT incurred.
Law firms looking to be bought “do not have the value they think”
Many law firms looking to be bought do not have the value they like to think they have, while multiples used to set the price are beginning to fall, leading advisers have warned.
Blog
Lessons from Sir Keir Starmer for SRA chief
The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.
The hidden risks in client account reconciliations
The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.
Mentoring the next generation of litigation leaders
As a female lawyer, from the North, with a state school education, I understand the value of sharing perspectives, experiences and contacts.
