A hardening indemnity insurance market and pressure from the Law Society have persuaded the Solicitors Regulation Authority to keep the Solicitors Indemnity Fund open for a further year.
The top 50 law firms had nearly £6bn of unpaid client invoices on their balance sheets last year and would be better prepared for another crisis like Covid if they reduced this, an analysis has argued.
A contract drafting and review business founded by former Freshfields associates is one of 30 companies to receive funding from the Google for Startups inaugural European Black Founders Fund.
Trainee lawyers in future may do their legal training by using immersive virtual reality software simulating the practice environment, like astronauts preparing for space, Professor Richard Susskind has predicted.
Two of the smaller firms in the UK top 200 law firms are leading the way on website performance, new research has found. Stephensons and Lindsays ousted Pinsent Masons and DLA.
A Swedish start-up which aims to provide a one-stop shop for the legal needs of small and medium-sized businesses launched in the UK this week.
The spring renewal season saw law firms pay a lot more for their PII, with the surge in conveyancing work a concern and contentious probate an increasing problem.
Nearly half of lawyers believe that working remotely during the pandemic has damaged the cohesiveness of their firms, a global study has found.
Slater & Gordon has launched ‘miplatform’, what it says is a ‘first of its kind’ digital legal service that enables clients to progress their matters with little or no direct contact with a lawyer.
A High Court judge has struck out a £58m unlawful means conspiracy claim against a law firm, four solicitors and a QC, which she described as “fatally flawed” and “abusive”.
A law firm without a growth strategy is like any business that fails to plan for the future. It may continue to thrive in the short term but in the long term it is unlikely to succeed.
A recent story hit the headlines that CEOs were struggling to get their employees back into the office following the lifting of Covid-19 restrictions.
The general industry consensus is that multiple new entrants will continue to enter the litigation funding market, attracted by what they perceive as the potential gains and the lack of barriers to entry.