Practice management – Page 2
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FeatureAI and mid-sized firms roundtable: Intelligence testing
For mid-market firms, the advent of generative AI is a double-edged sword. The technology can handle routine tasks and free up billable time, but also obscure intrinsic flaws in processes.
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NewsHigh Court freezes assets of former law firm boss
Ex-fashion designer said to owe ‘substantial’ amount as part of deal to acquire Kent solicitors.
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OpinionAdvice for Paul, Weiss wannabes
Principles I would try to remember if I were a senior partner of a global American law firm.
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NewsMacfarlanes announces largest cohort of partners for years
Two-thirds of the City firm’s nine new partners are women.
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OpinionPortfolio careers
Rosemary Auchmuty reviews 'The Rising Role of Women in Family Offices and Family Businesses'.
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NewsAnalysis: Elite US firms attacked by Trump face a dilemma
Donald Trump has unleashed a blizzard of attacks against law firms he has deemed inimical to his cause. With independence and the rule of law at stake, there are calls for the profession to show a united front.
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NewsRemote working curbs are deterring City job applicants, survey reveals
Employers increasingly say the lack of hybrid working options is a barrier to recruitment, as vacancies soar.
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OpinionGlass houses
Last week I noted that the Law Society’s benchmarking survey was awkwardly timed, finding as it did that client interest is turbocharging practice profits.
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OpinionNo more ‘free money’?
Might the prospect of tipping dozens of law firms into financial trouble deter the SRA from imposing a ban on pocketing interest on client money?
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NewsIn depth: Benchmarking survey - client interest profit warning
Law firms buoyed by interest on client money must ‘wean themselves off’ this lucrative income stream. That is a key message of the annual Law Society Financial Benchmarking Survey.
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NewsHigh profile solicitor to quit UK after SRA fine
Legal commentator Kerry Underwood hits out at ‘frankly oppressive’ AML regime after agreeing to pay financial penalty.
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NewsNorth east firms merge to form £40m business
Two firms in London also announce they will join forces.
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NewsSRA bars former law firm boss over client money transfers
Jarmans Solicitors was well known locally in Kent, but the business has since dissolved.
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NewsPrivate equity reshapes UK law firms with record investments
Law firm leaders advised to consider the benefits of private equity - but only if they appreciate the risks.
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NewsFirm preserves independence with leadership buyout
Majority shareholder sells stake in Harrison Drury after overseeing rapid growth over 17 years.
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NewsSolicitor forced out at 63 wins age discrimination case
Walker Morris tells tribunal it wanted to stop senior partners blocking opportunities for younger lawyers.
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NewsSimmons & Simmons sets social mobility targets
International firm wants a minimum of 20% of lawyers from lower socio-economic backgrounds by 2029.
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NewsAI getting more accurate but lawyers still needed, finds new report
Language model tools score much higher when faced with difficult legal questions.
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FeatureAt the double
The saying ‘it’s lonely at the top’ doesn’t apply at many law firms, where senior and managing partners share leadership responsibilities. It helps if they get along, writes Katharine Freeland.