Practice Management
ILCA: Law firms will look to hold money outside of client accounts
An Interest on Lawyers’ Client Account scheme will likely push law firms to hold more client money outside of a client account, to the detriment of consumer protection.
LawCare busier than ever in “uncertain and demanding times”
The current “uncertain and demanding times” are reflected in the record number of lawyers receiving emotional support from legal mental health charity LawCare.
AI to create “dividing line between innovative and conservative firms”
Artificial intelligence will create a “huge dividing line” between innovative and conservative law firms, the founder of a Sussex litigation practice has predicted.
PE-backed law firm takes over top insurance company’s ABS
Private equity-backed HF has acquired most of the assets of the alternative business structure owned by global insurance services firm Crawford & Company.
Lawyers worried about impact of AI on training next generation
The profession is worried about how junior lawyers will develop fundamental legal skills in the age of artificial intelligence, new research has found.
Community interest company uses AI to support immigration work
A community interest company is using artificial intelligence to help it provide pro bono advice to people seeking global talent visas to come to the UK.
Majority of mid-sized law firms “have been approached by PE”
Seven in 10 of mid-sized law firms have been contacted in the last year by a private equity investor or PE-backed law firm about acquisition, according to new research.
Criminal law firm to launch AI accreditation scheme
A criminal law firm in Manchester is turning its attention to artificial intelligence (AI) after 29 of its lawyers successfully obtained a client-care accreditation it created.
National litigation practice bought by private equity house
A national practice best known for its credit hire work has become the latest addition to the ranks of law firms owned by private equity.
Top offshore firm eyes new locations after taking external capital
Leading offshore law firm Walkers is eyeing geographic growth after becoming the latest to take external cash after agreeing a “strategic co-investment” into its fund and corporate services business.
Blog
Lessons from Sir Keir Starmer for SRA chief
The proposed 29%, or £25m, increase in the Solicitors Regulation Authority’s budget announced last week should really come as no great surprise.
The hidden risks in client account reconciliations
The client account reconciliation process will be second nature to most people in legal finance – and so is also a potential area for a problem to be undetected until it becomes serious.
Mentoring the next generation of litigation leaders
As a female lawyer, from the North, with a state school education, I understand the value of sharing perspectives, experiences and contacts.
