Practice Management

The proportion of smaller law firms considering merger or acquisition as a growth strategy has halved in a year to just one in 20, with a shift in focus to organic growth.

National firm Knights yesterday announced its 24th acquisition since listing in 2018 with a £16.6m deal for Essex law firm Birkett Long that will take its annual revenues to over £200m.

Developing a “proactive policy” to prevent wellbeing issues from arising appears to be a “significant challenge” for most law firms, a report by the IBA has found.

The Solicitors Regulation Authority has for the first time authorised a law firm whose offering is solely provided by an AI-powered litigation assistant.

Leading specialist firm Family Law Partners has eschewed approaches from private equity houses to move instead to employee ownership.

The proportion of law firms using GenAI has almost doubled, new research has found, with another study showing rapid adoption by M&A lawyers.

Hiring star or elite lawyers generally does not work for law firms but it can if there are “other stars in the same area”, academics have found.

Top personal injury firm Express Solicitors has expanded out of Manchester with an acquisition that also takes it into the data breach market as we round up the latest M&A.

A multi-disciplinary professional services firm with significant financial backing has bought its first law firm as part of an “aggressive” buy-and-build strategy.

A law firm which specialises in defending clients accused of sexual offences has been fined £60,000 after a cyber-attack saw “highly sensitive” details of 682 clients published on the dark web.