Practice Management
Diversity questions make up 20% of marks in panel tender
Clients are ratcheting up the pressure on law firms to improve their diversity, with applicants for the panel of the Pension Protection Fund the latest to have to prove their credentials.
Multi-disciplinary network strikes third UK deal with BSB-regulated firm
International professional services group ETL Global has inked its third law firm deal in England by taking a stake in a specialist investment fraud practice, amid a flurry of law firm M&A.
Law firms eye M&A as route to private equity or listing
Nearly half of law firms are considering mergers and acquisitions, with a surprising number looking to grow in a bid to attract private equity investment or to go public, according to new research.
City firm launches domestic abuse support service for staff
City practice Fieldfisher has launched a domestic abuse support service for staff, alongside more general awareness training to help people spot the signs that a colleague may be a victim of it.
Employee ownership “best way to deal with succession”, says Yorkshire firm
A Yorkshire law firm with over 230 staff and 20 salaried partners has become 100% employee-owned after its three owners decided it was the best way to deal with succession.
Record year for City partner recruitment in 2021
Last year was a record one for partner hires by City law firms, with the “legal boom” also triggering an associate salary war, legal recruitment consultants have reported.
Seven in ten legal sector workers suffer from poor mental health
Seven out of ten legal sector workers (69%) describe themselves as suffering from poor mental health, with their union saying it showed a “crisis” in the law.
Microsoft offers financial bonus to firms that meet its diversity targets
Law firms instructed by Microsoft will be eligible for a bonus of up to 3% of their annual fees next year if they meet the diversity targets set by the technology behemoth.
Start-up enables general counsel to compare law firms on ESG
A start-up launched by two former general counsel at Zurich Insurance Group has created a tool to help in-house lawyers compare the performance of law firms in addressing ESG issues.
Innovation the big benefit of remote working, law firms say
Remote working during the pandemic has accelerated innovation at law firms but made supervision more difficult, a survey has found.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Reports
Associates
