Practice Management

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.

Listed law firm Knights has significantly reduced staff churn, according to half-year results which showed a 30% rise in turnover to £130m, albeit most of it from acquisitions.

Large law firms are facing “increasing demands from clients” for AI chatbots to allow them to “self-serve and circumvent the need to direct all queries through lawyers”.

The government’s proposed raid on client account interest “will put high street law firms at risk and force legal fees to rise for those that survive”, the Law Society has warned.

Two of the law firms owned by Lawfront, the largest buy-and-build group backed by private equity, have made their own acquisitions, in our first M&A round-up of the year.

A legal tech startup led by a solicitor turned behavioural psychologist is aiming to capture the “invisible knowledge” of senior lawyers for the benefit of both junior lawyers and clients.

Staff at two leading regional law firms have been awarded significant bonuses – one for use of AI and the other for their work in an employee-owned practice.

The biggest City law firms are paying their trainees less than their US competitors but working them harder, according to new research showing how pay continues to spiral.

Both the structure and delivery of legal services – such as a lack of guidance and reactive communication – can cause difficulties for consumers, new research has found.

Listed law firm Gateley has estimated that “pre-budget transactional inertia” shrunk its revenue by around £3m, wiping out growth in its corporate department.