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Law firm launches data analytics team to help lawyers predict the future

Insurance law firm BLM has set up a specialist data analytics team to help its lawyers make better predictions about their cases. Headed by a solicitor and a data scientist, it uses machine learning, a form of artificial intelligence (AI), to predict the length, cost and result of litigation.

June 7th, 2017 | 1 Comment »

Non-lawyer managers setting bar high for equity partners, survey finds

Fee income per partner at larger firms soared last year from an average of £777,000 to almost £1.4m, a survey has found. Accountants MHA, who produce an annual benchmarking report, said the main reason was a fall in the number of equity partners at these firms, helped by an increase in profitable work.

May 10th, 2017 | No Comments »

Cartwright King to launch franchise scheme for solicitors looking to strike out on their own

National law firm Cartwright King is launching a franchise scheme for solicitors who want to set up their own practices, which will operate in a similar way to a virtual firm but allow franchisees to benefit from an existing national brand.

July 20th, 2016 | No Comments »

ASA upholds complaint against “your solicitor rips you off” advert

The Advertising Standards Authority has upheld a complaint over an advertisement from a website that claims to help clients recover a “huge amount” of their legal costs, which said that “on average, a solicitor overcharges you by 20%”. The offending advert was headed: “Top 5 ways your solicitor rips you off.”

June 15th, 2016 | 3 Comments »

Not about the money: personal injury firm to open City “client knowledge hub”

Defendant personal injury firm BC Legal is launching an unusual “client knowledge hub” in the City next month, which will provide a range of free services but “very little fee-earning”. It said the hub would offer training, software demonstrations and free access to meeting rooms, a roof terrace, a gym and a hotel.

June 9th, 2016 | No Comments »

SRA drops annual diversity surveys to help small firms

The Solicitors Regulation Authority (SRA) has decided to drop annual diversity surveys of the profession, and make them biennial, to reduce the regulatory burden on smaller law firms. The regulator said the next survey, scheduled for this summer, would not take place until May 2017.

May 17th, 2016 | No Comments »

Lawyer-led ABSs are leading the way, says head of Jackson Canter as it doubles in size

Lawyer-led alternative business structures are leaving their rivals behind, the head of North West firm Jackson Canter has said. Executive chairman Andrew Holroyd was speaking as the firm announced the acquisition of Lees Solicitors, doubling its size to over 280 staff.

May 12th, 2016 | No Comments »

ReviewSolicitors to target law firm investors through crowdfunding

A legal rating and review website, set up last autumn by the former chief operating officer of QualitySolicitors, is to launch a crowdfunding bid next month targeting law firms. ReviewSolicitors wants to raise at least £150,000 from 50 law firms.

May 10th, 2016 | No Comments »

Dentons to create “world’s largest referral network” – and it’s free

International firm Dentons is to launch what it describes as the first free global law firm referral network, with the aim of “changing the whole marketplace”. Meanwhile, LOD has claimed another first by launching an online marketplace for freelance lawyers.

May 10th, 2016 | No Comments »

Smaller law firms feeling vulnerable, with almost all expecting “rough times ahead”

There is a “climate of renewed vulnerability” among smaller law firms, with the vast majority of lawyers believing there are “still rough times ahead”, a report has found. The report also revealed a huge gulf between lawyer and client perceptions of value.

May 9th, 2016 | No Comments »