Law firm news by topic » Small Law Firms

US law firms continue to merge at record pace

Apr 9, 2014 US aw firms continue to merge at a record pace, according to a new report from legal consulting group Altman Weil. Twenty-two firms announced mergers or acquisitions during the first quarter of 2014, and mergers…

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Revenue gap between large and small firms widens

Aug 1, 2013 There’s good news out there for large law firms, and poor news for small law firms, according to the Survey of Law Firm Economics by the National Law Journal and ALM Legal Intelligence. The Survey found that revenue…

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Small UK firms optimistic about 2013

Jan 15, 2013 The majority of small UK law firms expect a boost to their business fortunes in 2013, despite increasing competition from alternative business structures. According to research conducted by the Co-Operative Bank of…

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US law firm mergers slow down

Jul 5, 2012 There were 25 mergers in the US in the first half of this year, up from 22 in the same period last year. The rate at which mergers are taking place does however seem to have slowed, with just five mergers in the second…

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SRA abolishes minimum salary for trainees

May 22, 2012 The UK legal services regulator the Solicitors Regulation Authority has done away with minimum salaries for trainees in England and Wales. Firms will henceforth be able to pay their trainees the minimum wage of £6.08 an…

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US legal services market becomes more segmented

May 7, 2012 The most expensive US lawyers are becoming even more costly, while the cheapest are barely keeping up with inflation, according to this story published in the Wall Street Journal. A new report from legal software…

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Average profits rise at Scottish law firms

Feb 20, 2012 Profits at Scotland’s law firms are rising for the first time since the global finaincial crisis, with the average profit per equity partner across all sizes of firm rising from £64,000 in 2010 to £71,000 in 2011.…

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