Practice Management
Private equity house invests in two law firms in quick succession
A private equity house has acquired stakes in two law firms in quick succession – one specialising in conveyancing and the other in private prosecutions.
Irwin Mitchell sells off £10m debt recovery business
Irwin Mitchell is selling its debt recovery business as it focuses on core legal services, kicking off the latest round of law firm deals.
Entry of PE “puts focus on capital growth, not annual cash distribution”
Private equity allows law firms “to build for capital growth rather than cash distribution” and represents a “fundamental shift in how firms can compete”, the Law Firm Growth Summit heard yesterday.
Largest law firms continue to lag behind in partnership diversity
The country’s largest law firms continue to lag behind the rest of the profession in promoting women and ethnic minority solicitors to partner, authoritative new figures have shown.
PE-backed group finding firms propped up by client account interest
Law firms being over-reliant on client account interest for their profits is among the reasons why the private equity-backed Adeptio Law Group has yet to make a major acquisition.
Taylor Rose first to hit landmark of 1,000 consultant solicitors
Taylor Rose has become the first law firm with more than 1,000 consultants on its books as its chief executive says there is still plenty of room to grow its hybrid model.
Women lawyers “still not talking to each other”
Women are leaving law firms at senior associate level, feeling “they are the only one struggling because they are not talking to each other”.
“Participation more important than stars” in law firm LinkedIn posting
“Broad participation” is more important than “star performers” in improving a law firm’s performance on LinkedIn, a report has found.
PE-backed Midlands law firm makes first acquisition
The law firm at the centre of Adeptio Law Group – created in late 2024 by private equity firm Horizon Capital to enact a ‘buy and build’ strategy – has made its first acquisition.
ABS’s network aims to fill gap in market for overseas legal advice
An ABS set up by an ex-Premier League footballer has launched a network to provide UK law firms with access to “trusted” legal advice from lawyers in other countries.
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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