Practice Management
Huge scope for smaller law firms to improve ESG
There is huge scope for smaller law firms to improve their ESG performance, while all firms should have policies on which clients they will and will not work for.
Ask me anything – Allen & Overy adopts ChatGPT-style legal AI tool
Global law firm Allen & Overy has become the first law firm to adopt an AI assistant similar to ChatGPT to help speed up the work of more than 3,500 lawyers.
Six out of 10 lawyers “have experienced burn-out”
More than six out of 10 lawyers (62%) have experienced burn-out as a result of their work in the last year, a survey has found.
Top law firms invest in content marketing “which does not work”
A “significant proportion” of large law firms are investing in content or ‘inbound’ marketing schemes that “simply do not work as they should” and could even be damaging their reputation.
Fast-growing ABS expands again but this year’s focus is on profit
An alternative business structure which launched as a specialist conveyancing firm with three staff in March 2019 now has more than 100 in multiple practice areas as it opens a fifth office.
Recruitment “by far the biggest obstacle” to law firm growth
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.
“Massive value gap” for commercial clients paying by the hour
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 increasingly questioning their futures, LawCare warns
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.
‘House of brands’ group becomes largest legal B Corp
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.
Major legal aid practice sold for just £200,000 upfront in pre-pack
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.
Blog
Accountability has to live within governance, not with one person
The assumption has long been that a COLP or COFA is personally exposed to the consequences of anti-money laundering breaches.
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
