Practice Management

Midlands law firm Wright Hassall held talks with 28 possible acquirers or merger partners over the course of a year before being sold in a pre-pack administration to one of them.

The managing partner of a fast-growing, employee-owned Yorkshire law firm says it is ready to expand outside the county after opening a 24th office.

The future of investment in the law will be more patient, minority investors who would appeal to the top 50 law firms, which to date have shown little interest in private equity.

While it is not surprising that private equity is interested in investing in law firms, the real question is why law firms are giving away stakes in their businesses, a leading consultant has argued.

Senior associates are the unhappiest cohort of fee-earners at UK law firms and represent the biggest “flight risk”, according to research.

The UK law firm group owned by a global network of professional service firms is set to return to the acquisition trail in the coming months after a “bumpy” couple of years.

Growing its new legal arm is a big priority for AIM-listed professional services business DSW Capital, with doubling the number of fee-earners the immediate goal..

A well-known Midlands law firm being sold following a pre-pack administration and a huge transatlantic merger lead the way in the latest M&A news.

Peers were last week split on the idea of making limited liability partnerships pay employer-style National Insurance contributions.

The adoption of generative AI by lawyers “has the potential to reinforce rather than disrupt the billable hour model”, a legal academic has argued.