Law firm merger advisers team up to form association
A law firm that helps solicitors buying, selling or merging their practices has teamed up with accountants and consultants in the sector to launch a new association for advisers.
Global law company seeks more purchases after buying UK firm
Global law company Elevate is looking for more acquisitions this year after buying pioneering UK commercial law firm Halebury, which uses freelance lawyers to support in-house teams.
Top firm uses computer simulations to train new partners
UK/US giant Hogan Lovells is using computer simulations of legal practices to train new equity partners in how to run a law firm, it has emerged.
Law Society: Employer clients’ interests don’t trump all in NDAs
The Law Society has reminded solicitors that their duty to act in their client’s best interests can be trumped by other obligations when drafting non-disclosure agreements.
Young lawyers “fearful of innovation resistance”
Almost half of young lawyers see resistance to innovation by their firms as the biggest threat to the profession, according to a survey. Meanwhile, salaries for trainee solicitors are on the rise.
No TUPE protection for most staff shed in Lawyers Inc takeover
Only five out of 22 lawyers and staff who lost their jobs when Hull firm Ingrams collapsed were protected by the TUPE regulations when the firm was effectively taken over by an innovative ABS.
Gateley set to become first listed law firm with £100m revenue
Pioneering law firm Gateley is on track to become the first listed legal business to hit the £100m turnover mark, with double-digit growth across all financial indicators in the first half of its financial year
Jail for solicitor “who wouldn’t ask too many questions”
A solicitor who was the ‘go to’ lawyer for a gang of criminals because he would not ask too many questions about where their money came from has been jailed for seven years.
Solicitor who ran unauthorised law firm struck off
A solicitor who said his unauthorised firm was acting only for “family and friends” has been struck off by the Solicitors Disciplinary Tribunal, which said this made no difference.
Listed legal businesses buck downward market trend
Several listed legal businesses bucked the downward trend of the stock market in 2018, with ‘challenger’ firm Keystone Law the standout performer, a Legal Futures analysis has shown.
