Legal aid firms will be the first to suffer if the Ministry of Justice presses ahead with the idea of using interest on lawyers’ client accounts to fund free legal services, it has been told.
Claimant class action lawyers have accused a leading City law firm of doing the dirty work of the US Chamber of Commerce, which campaigns in the UK for pro-business civil justice reform.
It is a “uniquely arrogant and complacent facet” of law firms that partners think some key business functions are “dispensible” support staff rather than core elements.
When I sold inCase last year, people asked what made the deal run smoothly. To their surprise, it was the data room – the single most powerful tool in mergers and acquisitions.
The billable hour has long dominated law firm pricing models. However, as artificial intelligence reshapes legal work, this traditional approach faces increasing scrutiny.
