Practice Management


Break your silence on legal aid cuts, lawyers tell Legal Services Board

22 February 2018

If the Legal Services Board is serious about promoting access to justice it must end its silence on the legal aid cuts, lawyers’ organisations have said. The Bar Council accused the oversight regulator of acting like “another department of government” by refusing to comment.


Online quotes giving specialist conveyancers edge over high street solicitors

21 February 2018

High street solicitors are losing out to specialist conveyancing businesses in capturing clients, new research has shown, but all lawyers still have much to improve on client communication. More than a third of clients would even consider paying more for a premium service, it found.


Law Society and CBA float prosecution and defence career option to tackle criminal lawyer shortage

21 February 2018

The Law Society and the Criminal Bar Association are discussing the possibility of a new career path for criminal lawyers involving both defence and prosecution work, it has emerged, after the CBA chair warned of the “decimation” of both the criminal Bar and the solicitors’ profession if no action was taken to tackle an “unprecedented recruitment crisis”.


AI revolution will affect lawyers less than many other occupations, report predicts

20 February 2018

Legal professionals will escape the artificial intelligence revolution relatively unscathed compared to other occupations, with high educational achievement being a key factor, according to a major report on the long-term impact of automation on jobs.


Lawtech start-up incubator closes 2018 pitch round with applications up

19 February 2018

Applications were up in the latest round of an accelerator programme for lawtech start-ups run by a London law firm, with smart contracts among technologies of particular interest, it has emerged. Six companies will win through to work with Mishcon de Reya from the “concept through to revenue-generating stage”.


“Neural network” robot lawyer plots international expansion

19 February 2018

An online legal advice website has created an artificial intelligence-backed robot that it claims has been trained to answer questions on consumer rights law in natural language using one of the world’s largest datasets.


Small businesses shy away from “pricey” solicitors when facing legal problems, major survey find

15 February 2018

Only 11% of small businesses consider solicitors to be good value for money, and most choose not to use them when faced by a legal problem, seeing them as a last resort, according to major new research. It also found that the annual cost of small businesses’ legal problems to the UK economy to be roughly £40bn.


Leading law firm joins forces with LSE professors to find ways to predict litigation

13 February 2018

National insurance law firm BLM has teamed up with three professors from the London School of Economics in a two-year research project to create models that predict the cost, length and outcome of litigation. AI will be an “important part” of the partnership, but it aims to bled technology with actuarial knowledge and ‘decision science’.


Law firms secure 18-month indemnity deals in ‘soft’ insurance market

13 February 2018

Law firms have taken advantage of a soft insurance market to secure 18-month professional indemnity insurance deals at a “very good” rate, a report has found. More firms were asking about additional cover to protect solicitors against defence costs in disciplinary proceedings, in the wake of the Leigh Day case.


Legal infrastructure behind blockchain contracts takes shape

9 February 2018

The English lawyer behind a bid to provide legal backing to deals involving both the virtual world of blockchain and real world commerce, has forecast that in a decade most global trade will be governed by arbitration agreements coupled with smart contracts.


Accounts clerk wins unfair dismissal claim against law firm after false harassment allegation

7 February 2018

An accounts clerk at a west London law firm who faced false allegations of sexually harassing a fellow employee – who was the daughter of the owner – has won his claim of unfair constructive dismissal. After winning his claim first time around, he won it again on a reconsideration of the question of whether he had affirmed the firm’s breaches.


City solicitor loses argument with taxman over £215k payment made to ex-firm’s bank

5 February 2018

A City law firm partner who had to pay £215,000 to settle his debt to the bank of his former firm, which had gone bust, was not able to deduct it from his earnings at his new firm for tax purposes, the Court of Appeal has ruled.


AI lawyers coming but hold off on legislation, says Microsoft

5 February 2018

A new breed of specialist artificial intelligence (AI) lawyer will emerge within 20 years, but governments should only legislate on the subject once technology companies have had time to develop their own ethical principles, according to Microsoft. By that time, virtually all lawyers will rely on AI to assist them with their practice, it said.


The time is now for law firms to invest in new tech and delivery methods, says bank boss

2 February 2018

The time for just talking about new ways of doing things in the law is over as clients “turn their backs on the pricing and delivery models that law firms have traditionally sold them”, a leading banker has warned. He said a “palpable shift” in thinking and serious investment in new technologies and delivery methods were now strategic priorities.


Lawyers showing “greater awareness of mental health” as helpline calls rise

31 January 2018

An increase in the number of callers to mental health charity LawCare is a sign of “greater awareness”, its chief executive has said. Workplace stress was cited as the main reason for contacting to LawCare by 27% of callers, followed by depression (17%), disciplinary concerns (8%) and anxiety (7%).

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Blog


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Reports


Report Cover
The legal sector is enjoying its strongest period of growth in 15 years, driven by private equity investment, merger and acquisition activity, AI and a wave of new business models The Law Firm Growth Report explores the strategic choices facing… Read More