Practice Management
Irwin Mitchell sells off £10m debt recovery business
Irwin Mitchell is selling its debt recovery business as it focuses on core legal services, kicking off the latest round of law firm deals.
Entry of PE “puts focus on capital growth, not annual cash distribution”
Private equity allows law firms “to build for capital growth rather than cash distribution” and represents a “fundamental shift in how firms can compete”, the Law Firm Growth Summit heard yesterday.
Largest law firms continue to lag behind in partnership diversity
The country’s largest law firms continue to lag behind the rest of the profession in promoting women and ethnic minority solicitors to partner, authoritative new figures have shown.
PE-backed group finding firms propped up by client account interest
Law firms being over-reliant on client account interest for their profits is among the reasons why the private equity-backed Adeptio Law Group has yet to make a major acquisition.
Taylor Rose first to hit landmark of 1,000 consultant solicitors
Taylor Rose has become the first law firm with more than 1,000 consultants on its books as its chief executive says there is still plenty of room to grow its hybrid model.
Women lawyers “still not talking to each other”
Women are leaving law firms at senior associate level, feeling “they are the only one struggling because they are not talking to each other”.
“Participation more important than stars” in law firm LinkedIn posting
“Broad participation” is more important than “star performers” in improving a law firm’s performance on LinkedIn, a report has found.
PE-backed Midlands law firm makes first acquisition
The law firm at the centre of Adeptio Law Group – created in late 2024 by private equity firm Horizon Capital to enact a ‘buy and build’ strategy – has made its first acquisition.
ABS’s network aims to fill gap in market for overseas legal advice
An ABS set up by an ex-Premier League footballer has launched a network to provide UK law firms with access to “trusted” legal advice from lawyers in other countries.
Employment law changes “could reduce mobility of senior solicitors”
Shortening of the time limit and abolition of the cap on compensation for unfair dismissal will make law firms sharpen their procedures before dismissing staff.
Blog
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
