Legal Futures Roundtable Report, in association with Thomson Reuters: Profit Motive

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22 February 2017


This Legal Futures roundtable report, published in association with Thomson Reuters, looks at what SME law firms are doing to grow their profit margins at a time of economic uncertainty and ever-greater competition.

What was so striking about the debate was that despite the very different practices represented around the table, the approach was largely the same. From bespoke property law advice from a traditional partnership to largely automated personal injury work from a limited company, there was more that united our participants than divided them – although the continuing role of the partnership was one of them.

Putting a few lawyers around a table invariably produces a stimulating and challenging discussion, and this was no different. There will always be a place for SME law firms, and this roundtable – showcasing their ability to focus, experiment, and succeed – shows how valuable they are to the legal ecosystem.


Legal Futures Blog

Preparing for the GDPR – What do you need to know right now?

Craig Forsyth

On 25 May 2018, the EU General Data Protection Regulation (GDPR) comes into force. That might seem like a long time, but that’s just over 100 days away at the time of writing. Actually, GDPR was adopted back in April 2016, May 2018 is the end of the two-year grace period. The GDPR brings with it a whole host of changes, and the penalties for non-compliance are higher than ever, either 4% of your annual turnover or £20m, whichever is higher. But how do you prepare? What do you need to change first? Where do you even start?

February 19th, 2018