Practice Management
Senior associates are “biggest flight risk” for law firms
Senior associates are the unhappiest cohort of fee-earners at UK law firms and represent the biggest “flight risk”, according to research.
Global professional services network eyes more UK law firm deals
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.
Listed professional services firm targets big lawyer expansion
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..
Pre-pack deal and global merger lead way in latest M&A
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 split on increasing NI contributions for LLPs
Peers were last week split on the idea of making limited liability partnerships pay employer-style National Insurance contributions.
GenAI could “reinforce rather than disrupt” the billable hour
The adoption of generative AI by lawyers “has the potential to reinforce rather than disrupt the billable hour model”, a legal academic has argued.
Digital assets “to play central role in law firm M&A”
Digital assets, data and “repeatable, digitally enabled processes” will play a central role in future law firm mergers, two leading advisers have predicted.
Survey: Profits up in the City, down in the regions
City law firms are outperforming their regional counterparts, with partner profit pools rising by 12% in London but falling by 11% outside of it, according to new research.
Employee ownership “a way of saying we are not for sale”
The managing director of a Kent law firm which has turned down multipe private equity advances has described its move to employee ownership as “a way of saying we are not for sale”.
Leading southern law firm launches referral network
Thrings, a law firm with offices across the South-West and South of England, has become the latest regional practice to launch a referral network for smaller practices.
Blog
The SRA’s client money reforms: good intentions, questionable execution
On the face of it, the SRA’s plans to tighten protections around client money sounds sensible. The detail, as ever, tells a more complicated story.
Recruitment, retention and reward in the legal accounts world
Understanding the legal finance market is important – not just for those actively involved in it day-to-day but also for leaders within law firms.
From ‘year zero’ to £6.5m – how a law firm found its second life
In 2018, I hit what I call ‘year zero’. On paper, Olliers Solicitors was a top-tier criminal defence firm but beneath the surface, I could see we were at a crossroads.
