Practice Management
Multi-office firm fell into administration after sale fell through
West of England law firm BLB Solicitors was forced into administration after a sale fell through at a late stage, its administrators have revealed.
Solicitors start again after selling firm to multi-disciplinary group
A husband-and-wife team whose law firm was bought by a professional services group a year ago have struck out on their own again with a new platform law firm.
HF “did not need its private equity backer” for major acquisition
National insurance and commercial law firm HF did not need the private equity investment it received in 2024 to buy health and social care specialists Hempsons, a deal unveiled yesterday.
Listed law firm’s revenue grows by 18% as it rolls out agentic AI
AIM-listed Keystone Law has reported revenue growth of almost 18% to over £115m in its latest annual financial results, while the AIIC Group has also announced strong growth.
Major PE-backed law firms unveil latest acquisitions
Two fast-growing private equity-backed law firms in the North-West have unveiled acquisitions to boost their Court of Protection and personal injury practices respectively.
Hourly billing not dead, says firm offering fixed-rate subscription
A fast-growing law firm has launched a subscription service for SMEs that focuses solely on fixing hourly rates – starting at £250 an hour for clients that sign up for a year.
AI playing “vital role” in managing legal aid work
AI is fast becoming a vital part of how law firms can afford to carry out legal aid work, according to the practice director of the country’s largest legal aid practice.
Exclusive: PE-backed Manchester firm lays out major growth plans
A Manchester-based law firm backed by private equity investment wants to at least triple in size over the next two years and is planning for multiple acquisitions by the end of 2026.
Clients expect lawyers to give them “at least weekly updates”
The vast majority of clients expect their lawyers to update them “at least” weekly and also provide same-day responses to queries, research has found.
SME law firms reduce reliance on client account interest
SME law firms performed strongly last year, making good profits without relying on client account interest and controlling their overheads well, according to new research.
Blog
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.
Information isn’t oversight – lessons from the PM Law review
The PM Law review’s real findings perhaps point to a failure mode applying to any organisation sitting on scattered risk information.
Reports
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