Practice Management
More than third of clients do not instruct same firm for new work
Fewer than two-thirds of consumers who needed legal services more than once used the same firm, according to new research.
“Rapid uptake” of AI by in-house lawyers to manage litigation
There has been a “rapid uptake” of AI by in-house legal teams in the past year, with four out of 10 adopting it for the first time to manage litigation.
Share payout for staff as national firm takes private equity cash
National insurance and commercial law firm HF has become the latest to take private equity investment, with all staff to receive payouts due its existing share scheme.
Smaller law firms should “compromise profits today” to invest in tech
The only thing that makes it hard for smaller law firms to invest in legal tech is “compromising profits today for growth tomorrow”, the founder of a fast-expanding commercial law firm has said.
Law firm’s AI agent supporting junior paralegals
A venture capital-backed law firm’s AI agent is handling both legal and non-legal work for its lawyers, its founder has said – like creating files, drawing up ‘to do’ lists and drafting emails,
AI “could amplify gender biases in legal profession”
Increased use of artificial intelligence could “perpetuate or even amplify existing gender biases in the legal profession”, new research has warned.
Broadfield UK goes live as founder of international law firm
Southern England firm BDB Pitmans yesterday became Broadfield UK, the founder member of a planned international law firm supported by a global management consultancy.
Listed law firms lay out £4m impact of NI increase
Listed law firm Gateley said yesterday that it expected “pricing and efficiencies” to mitigate the extra £1.8m that the National Insurance increase is set to cost it.
LinkedIn superinfluencers “massively outperform” their law firms
Law firms need to redesign their social media strategies to embrace influencers who “massively outperform” their firms on LinkedIn.
Fee-share law firms growing faster than traditional practices
Fee-share law firms are still growing “at pace”, with two recruiting more lawyers in the first half of this year than any traditional practice, according to new research.