Practice Management
Law firm platform offers £50,000 incentive to aid “softer landing”
The legal arm of AIM-listed professional services business DSW Capital is offering teams that join it an incentive of £50,000 per lawyer to set up their own practices on its platform.
PE-backed Orwins unveils another deal as M&A activity hots up
Private equity-backed Orwins is making good on its growth plans by adding Newcastle law firm Clarke Mairs to the group. We also report on other PE and regular M&A activity.
Turnover, profit and debt up at listed firm as it sheds staff
Listed law firm Gateley yesterday issued a mixed set of results, with revenue up by 8.2% but debt quadrupling to £25m, while it is planning to cut up to 40 support staff.
Latest acquisition helps drive growth at multi-disciplinary firm
A 170-year-old law firm has made its sixth acquisition in seven years as it pursues a strategy of bringing together legal services, wealth management, trusts and tax planning.
Law firm finally moves beyond Yorkshire with 27th office
Employee-owned Yorkshire law firm Ison Harrison has opened its first office outside the county, in Manchester, a move championed by one of its partners.
Law firms “need to prove authority” to gain AI approval
Most law firms are failing to send AI engines like ChatGPT, Claude and Gemini the signals they need to recommend them to potential clients, groundbreaking research has found.
New ‘buy and build’ group offers firms succession solution
A new legal group backed by a private investment office has acquired an Oxford practice as the first step in a buy-and-build strategy.
Most consumers think they should keep interest from client accounts
A majority of clients believe that they should keep interest earned on client accounts, research for the Legal Services Consumer Panel has found.
General counsel see lower bills as main benefit of AI
General counsel see cost savings as the most important benefit from external law firms’ use of AI, according to research which advises firms to address the issue head-on.
Knights hails “return to organic growth” as turnover tops £200m
Listed law firm Knights yesterday reported a “return to organic growth” in its last financial year as part of a 28% bump in revenues to almost £208m.
Blog
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Information isn’t oversight – lessons from the PM Law review
The PM Law review’s real findings perhaps point to a failure mode applying to any organisation sitting on scattered risk information.
Reports
Associates
