Practice Management
Top family firm chooses employee ownership over private equity
Leading specialist firm Family Law Partners has eschewed approaches from private equity houses to move instead to employee ownership.
Proportion of law firms using GenAI almost doubles
The proportion of law firms using GenAI has almost doubled, new research has found, with another study showing rapid adoption by M&A lawyers.
Hiring elite lawyers only works for law firms “with other stars”
Hiring star or elite lawyers generally does not work for law firms but it can if there are “other stars in the same area”, academics have found.
New practice area and location for top PI firm leads latest M&A
Top personal injury firm Express Solicitors has expanded out of Manchester with an acquisition that also takes it into the data breach market as we round up the latest M&A.
Fast-growing professional services group buys first law firm
A multi-disciplinary professional services firm with significant financial backing has bought its first law firm as part of an “aggressive” buy-and-build strategy.
ICO fines law firm £60,000 after dark web publishes client data
A law firm which specialises in defending clients accused of sexual offences has been fined £60,000 after a cyber-attack saw “highly sensitive” details of 682 clients published on the dark web.
PE-backed law firms outperform market as revenues soar
Law firms backed by private equity have seen revenue growth of 30% in the last two years, twice the rate of the top 50, according to new research.
Listed firm eyes more acquisitions after agreeing big credit facility
Pioneering listed law firm Gateley has announced a new £80m revolving credit facility as it eyes further acquisitions alongside organic growth.
Another private equity-backed deal leads way in latest M&A
North-West law firm Farleys – part of private equity-backed Lawfront – has completed another acquisition as the group continues to grow, in our latest M&A round-up.
“An unprecedented number of investors are looking at law right now”
In the second part of this interview, Will Evans, who leads the professional services team at Arrowpoint Advisory, talks about the next steps for private equity investment in the law.
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.
