A significant report reveals the financial toll of mental health challenges on large law firms.Law firms are losing millions yearly and experiencing a 19% drop in…
Legal professionals’ mental health is under scrutiny with new guidelines urging firms to integrate wellbeing into performance reviews.The Mindful Business Charter (MBC) has released recommendations addressing…
A pioneering alternative business structure (ABS) is set to revolutionise the legal market by introducing professional indemnity insurance specifically for law firms.ABS, supported by a sovereign…
Large law firms express concern over GenAI, fearing financial impact.PwC’s survey reveals mixed views on GenAI’s effect on business models.A majority of law firms anticipate automation…
Liverpool University introduces a pioneering four-year degree in collaboration with six law firms, aimed at enhancing students’ practical experience.Thirteen students transition from a traditional three-year degree…
Recent research reveals a declining interest in mergers among smaller law firms, highlighting a shift towards organic growth.Only 10% of smaller law firms are now open…
This report examines the disconnect between DEI policies and actual practices in the legal sector, drawing on findings from recent research.Despite widespread implementation of DEI strategies,…
The Solicitors Regulation Authority (SRA) has heightened efforts to enforce transparency among law firms.Since May 2023, nearly 500 firms have faced warnings or fines for failing…
Integrating legal software into law firms offers numerous advantages that enhance both operational efficiency and client relations.Legal software boosts productivity by automating and organising essential tasks,…
The Legal Ombudsman has issued guidance on lawyer fee deductions under conditional fee agreements (CFAs).Lawyers must clearly explain any success fees or deductions to their clients…
