Practice Management

Regional law firm consolidators are outperforming other disruptive models in the market and also the biggest practices in the country, an analysis by PwC has shown.

A new tax on LLPs could be “a big hit” on the legal profession, the Law Society warned yesterday, with figures showing it would mean a 7% increase in the effective tax rate for partners.

Concerns about wellbeing in the law have been elevated to such a level that employers may feel overwhelmed by the thought of tackling it.

A private equity-backed serious injury firm is to move into other consumer law services for the first time with an “imminent” acquisition, Legal Futures can reveal.

An expanding West Midlands law firm, acquired this time last year by a private equity house, is to expand its referral service for smaller firms across the country.

The group Lawyers Who Care has arranged mentorships for 77 aspiring lawyers who have been in the care system in its first year, an impact report has shown.

Mid-sized law firms have improved their margins for the first time since 2021 while also reducing their exposure to client interest income, according to NatWest.

The annual rush of M&A activity around the October insurance renewal season has included a private equity-backed deal and a firm buying another more than twice its size.

A 25-partner law firm has become the first mid-market practice in London to take private equity investment, with plans to grow both organically and through acquisition.

The top 100 UK law firms have increased their responsible business scores, while the average results for US counterparts have crashed “in the face of political headwinds”.