Practice Management
Staff at employee-owned firm receive £3,600 profit shares in first year
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.
“Underappreciated” associates want to leave law firms
“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.
Mid-sized law firms “could save £400,000 a year” from digitisation
Medium-sized law firms could save around £400,000 every year and reduce carbon emissions by digitising paperwork, research has estimated.
Fee-share practice brings whole firm on board for first time
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.
Pioneering employee-owned law firm becomes B Corp
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”.
Geographical expansion to fore in latest law firm M&A rush
It’s been a busy couple of months for merger and acquisition activity in England and Wales, with firms expanding their geographical footprint a notable trend.
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.
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.
