Practice Management
PE-backed barrister group launches outsourced service for chambers
Private-equity backed The Barrister Group has launched a platform that will handle chambers’ operational requirements and also distribute briefs that they cannot handle.
Ethical working cultures “vital” for law firms, indemnity insurer says
An “ethical and supportive working culture” has become “not just beneficial, but vital” to the future of law firms, a leading professional indemnity insurer has said.
Investment in UK lawtech hit new record last year
Investment in UK lawtech companies continues to rise rapidly, hitting a record £189m last year, a 35% jump on the previous year’s record, according to new research.
City firm sets out which types of client it will not act for
The founder of a City law firm specialising in employment and commercial disputes has described how it declines to pitch for work with clients deemed “controversial or ineligible”.
Private equity commits to Fletchers and backs Higgs’ first acquisition
The private equity backer of serious injury law firm Fletchers has committed to another four or five years after announcing a continuation fund transaction.
Global justice “dominated by men from high-income countries”
Global justice is “disproportionately shaped” by high-income countries like the UK and USA, with men making up the majority of top office-holders – particularly in the legal profession.
Broadfield model delivers international growth in first year
Broadfield – the new international law firm supported by a global management consultancy – has achieved a lot in its first year but there is much more to do, according to its UK managing partner.
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.
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.
