Practice Management

Law firms have been spending a smaller share of their revenues on professional indemnity insurance and those turning over £5-10m are saving the most.

National firm Shoosmiths has joined forces with Microsoft to create its own bespoke AI platform for carrying out contract reviews.

Exactly half of female legal professionals believe their working patterns are not “sustainable for their health in the long term”, a large-scale study has found.

Clients are much less likely than law firm leaders to believe that feeling valued or cared for matters most or that a personalised service drives loyalty.

The traditional metrics and models used to calculate partners’ pay are coming under mounting pressure from the rise of artificial intelligence and private equity.

A Milton Keynes-headquartered law firm has introduced a 35-hour working week as part of a long-term plan to protect both people and profit.

Leading consumer law firm Bott & Co has become the latest to embrace employee ownership as its three founders look towards exiting.

Private equity invested an estimated £250m into UK law firms last year and around £80m so far this – compared to the record £534m of 2024 – but deal volume is up sharply.

Black Country law firm Higgs has made its second acquisition since being bought by private equity last year.

Law firms’ rush to embrace both mergers and AI risks making staff retention harder if they ignore “the psychological and cultural issues driving talent turnover”, a leading psychologist has warned.