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…
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…
Law firms struggle with compliance, risking penalties and reputational harm.The Solicitors Regulation Authority (SRA) penalised 475 law firms for not meeting transparency rules.Since December 2018, 439…
Law firms are increasingly moving away from traditional partnership models to secure external funding, a new report reveals.Competitive pressures in the legal field have intensified, leading…
A prominent law firm in Manchester opts for employee ownership over lucrative private equity offers.Myerson Solicitors, with 150 employees, becomes completely employee-owned, marking a significant shift…
A former conveyancer has successfully raised £850,000 for a new tool designed to simplify the conveyancing process.The funding includes a grant of £292,000 awarded by Innovate…
The Legal Services Board (LSB) has postponed the approval of increased contributions to the SRA Compensation Fund, marking an unprecedented delay.This postponement pertains to increased contributions…
Legal software providers are hindering system integration by not providing necessary APIs to law firms, impacting operational efficiency.A panel discussion hosted by the Solicitors Regulation Authority…
