Law firm news by topic » UK

US law firms find their own alternatives

Sep 23, 2013 The US legal system does not currently permit non-lawyers to be partners in, or share profits with, law firms, on the principle that the industry needs a level of independence in order to serve clients properly. Some…

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Top 20 UK firms reduce equity partnerships

Sep 11, 2013 The UK's 20 largest law firms by revenue have seen the overall proportion of equity partners fall by 12% over the last seven years, with equity partners accounting for 59% of the total partner count in 2012-13, according…

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UK legal aid reforms tempered

Sep 9, 2013 UK Justice Secretary Chris Grayling has announced that he will not proceed with the plan to introduce competitive tendering for criminal legal aid contracts. The plan - under which the government would award…

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Top 100 UK firms increased profits by 8% in 2012-13

Sep 2, 2013 The largest 100 UK law firms made combined profits of £5.8 billion in 2012-13, an 8 per cent increase on last year’s result. A survey conducted by Legal Business magazine also shows that the top 100 firms billed a…

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