Practice Management
Fee-share law firms continue to attract hundreds of new recruits
Two fee-share law firms have topped the table for hiring lawyers ahead of big traditional firms, as the model continues to attract new recruits in large numbers.
Sixth and biggest acquisition so far for PE-backed Lawfront
Private equity-backed Lawfront has made its sixth and largest regional firm acquisition to date by bringing in Trethowans, which has five offices in South and South-West England.
“Eyes-on, hands-off” – law firm boss calms fears over PE investment
Lawyers should not believe “everything you read” about the negatives of being acquired by private equity, according to the managing director of a Midlands law firm bought last autumn.
PE house outlines ‘sweet equity’ offer to keep law firm staff happy
Maintaining a route to the equity for salaried partners and senior associates is key to the smooth acceptance of private equity money at law firms, an investor has argued.
Commercial law firm to have name on Everton’s new stadium
Hill Dickinson has agreed the highest-profile sports sponsorship in legal history by securing a “long-term” naming rights deal for Premier League football club Everton’s new stadium.
Private equity boom pushes law firm valuations to “upper end”
Competition among private equity buyers has pushed the value of law firms to the “upper end” of their “legitimate range”, it was claimed yesterday.
Smaller law firms reject M&A in favour of organic growth
The proportion of smaller law firms considering merger or acquisition as a growth strategy has halved in a year to just one in 20, with a shift in focus to organic growth.
Knights adds Essex and IFA services in latest acquisition
National firm Knights yesterday announced its 24th acquisition since listing in 2018 with a £16.6m deal for Essex law firm Birkett Long that will take its annual revenues to over £200m.
Law firms “failing to be proactive on wellbeing”, says IBA
Developing a “proactive policy” to prevent wellbeing issues from arising appears to be a “significant challenge” for most law firms, a report by the IBA has found.
Exclusive: SRA authorises first AI-only law firm
The Solicitors Regulation Authority has for the first time authorised a law firm whose offering is solely provided by an AI-powered litigation assistant.
Blog
Change in regulator shouldn’t make AML less of a priority
While SRA fines for AML have been climbing, many in the profession aren’t confident they will get any relief from the FCA, a body used to dealing with a highly regulated industry.
There are 17 million wills waiting to be written
The main reason cited by people who do not have a will was a lack of awareness as to how to arrange one. As a professional community, we seem to be failing to get our message across.
The case for a single legal services regulator: why the current system is failing
From catastrophic firm collapses to endemic compliance failures, the evidence is mounting that the current multi-regulator model is fundamentally broken.
