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Private equity interest is being driven by US houses, which see UK firms as an attractive route to growth in Europe’s mature professional services market.

Life in the Law 2025 shows that many of the challenges found in the 2021 report remain, but it also offers a clear direction for how we can do better.

Some law firms resort to round-table finger-pointing when they talk about succession planning as it seems to stir up emotions stronger even than profit sharing and bonuses.