“Why are law firms giving away stakes in their businesses?”
While it is not surprising that private equity is interested in investing in law firms, the real question is why law firms are giving away stakes in their businesses, a leading consultant has argued.
Consolidation laid bare as number of law firms falls below 9,000
The number of law firms in England and Wales has dipped below 9,000 for the first time in recent memory after dropping by nearly 2,000 over the past 15 years.
Solicitors asked to vote on Law Society reform it no longer wants
Solicitors yesterday received an invitation to vote on whether to increase the threshold for calling an SGM of the Law Society – a move it no longer supports.
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.
Budget: No LLP tax and apprenticeship funding boost
No mention of a new tax on LLPs and making apprenticeship training free for under-25s in SMEs were the good news for lawyers in yesterday’s Budget.
Law Society calls for urgent SRA advice on impact of Mazur on AI
The SRA needs to provide urgent advice on how artificial intelligence can be used in litigation in compliance with the Mazur ruling, the Law Society has said.
Insurance services provider launches own law firm
A leading provider of outsourced services and consultancy to the insurance industry has launched its own law firm to handle litigated disease, illness and abuse claims.
Conveyancers starting to cut down on ‘avoidable’ requisitions
Efforts to reduce the number of avoidable requisitions that the HM Land Registry has to make are working, new figures have shown.
Apprenticeship funding cut “will not reduce” availability of skills
The restriction of funding for Level 7 apprenticeships, like those for solicitors, will not cause a “significant or unavoidable fall” in the supply of skills, the government insisted yesterday.
Court of Appeal agrees to hear “important” Mazur appeal
The Court of Appeal has granted CILEX permission to appeal against the Mazur judgment, saying it “raises an important point of practice”.
