Practice Management
Almost half of law firms now using review websites…
Almost half of law firms are now using review websites but there remains strong opposition to price comparison for legal services, a Solicitors Regulation Authority survey has found.
… As consumers say they value reviews when selecting lawyers
Consumers see online review websites as a helpful tool to find a lawyer, with those needing family law advice particularly likely to shop around, according to Solicitors Regulation Authority research.
ABS to keep staff “invested” through different kinds of shares
A new alternative business structure is to ensure staff are “personally invested” in the firm by offering them different kinds of shares.
Ex-partner fails in challenge to City firm’s accounts
A law firm was wrong to make provision in its statutory accounts for all of the money owed by a fixed-share partner, but not when it came to the partners’ accounts, the High Court has ruled.
Simpson Millar exits most of private client in profitability push
National firm Simpson Millar is to exit private client services except for personal injury and family law as part of a major restructure sparked in part by the introduction next year of fixed recoverable costs.
Large law firms “struggle to give their lawyers a voice”
The largest law firms in the UK and US “struggle to give their lawyers a voice” through thought leadership, new research has found, with smaller firms more effective.
Lawyers “will walk” if hybrid working demands not met
Lawyers working in large law firms are committed to working remotely from home post-pandemic, with almost half willing to walk away if told they have to attend the office full-time.
Law firms not responding quickly enough to new competitors
Traditional law firms are failing to adapt quickly enough to respond to new competitors, or to differentiate their services by offering alternative approaches, research for listed law firm DWF has found.
Websites of top-100 law firms “slow and full of broken links”
A study of top 100 law firm websites has rated only one as ‘excellent’ in terms of speed and only 13% as having no broken links, with many riddled with basic SEO errors.
Litigation funder keen on taking more stakes in law firms
The world’s largest litigation funder, Burford Capital, is looking for more law firms willing to exchange a minority stake for capital as an alternative to stock market listing.