Practice Management

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.

The founder of a law firm at the forefront of the wellbeing movement has described how lawyers write “user manuals” about themselves, which colleagues read to help understand the way they work.

The profitability of global law firms has continued to decline against a background of “falling demand and surging expenses”, with jobs and equity partner payouts at risk if the trend continues.

Mid-sized commercial law firms need to shout more about how they use technology to help clients, according to a survey that found most say “nothing at all publicly” about it.

An app designed to lift pressure on lawyers burdened by heavy workloads, improving wellbeing and reducing expensive recruitment, has arrived in the UK from Scandinavia.

The vast majority of mothers (84%) working in the law still find it difficult to balance working life with the demands of being a mother, despite some signs of progress.

Pay has returned to the top of the list for job-hunting lawyers, overtaking flexibility, but most fee-earners are happy where they are, a survey has found.

Competition for six-year solicitor apprenticeships at a leading London law firm is tougher than for training contracts, with a scheme that also gives them experience of the business services teams.

The largest UK law firms have enjoyed a “bumper” year of income and profits but staff turnover is spiking despite an “unprecedented” rise in their pay, new research has found.

A Chester-based law firm has become the latest to transfer ownership to its employees, in a move the now former owners say will secure its future.