Practice Management

The managing director of the latest law firm to become an employee ownership trust has said the biggest barrier is the “ignorance” of solicitors.

The vast majority of law firms have made a profit since March, showing that predictions the pandemic would wreak havoc in the profession have not come to pass, according to new research.

The High Court has awarded a law firm damages of £25,000 for a defamatory review on Trustpilot posted by a disgruntled former client who paid £200 for advice.

A “troubling inequality” between BAME and White British consumers in the way they access legal services has changed little in the five years since it raised the issue, the consumer panel has found.

Leading commercial firm DAC Beachcroft has launched an “in-house chambers” which plans to expand rapidly and become “the biggest of its kind” by end of the year.

The year has kicked off with a spate of law firm expansion activity, whether through mergers, huge team hires, file acquisitions or one Essex law firm maintaining EU links by opening in Malta.

Acquisitive regional practice Knights was the only listed law firm to defy the Covid gloom and end 2020 with its share price higher than where it began, a Legal Futures analysis has shown.

A claim by a law firm owner who alleges that the departure of four lawyers to another practice caused his firm’s administration has come out into the open in the High Court.

There are “high expectations” among law firm leaders of consolidation in the legal services market during 2021 and beyond, research has found – although there is often little strategy behind deals.

As many as 3,000 law firms could be forced to close or merge over the next few years after the conveyancing bubble bursts and the recession really kicks in, a leading law firm consultant has warned.