Freshfields: Revenue passes £2bn at Magic Circle law firm but profit cut February 3, 2025 Profit at Magic Circle law firm Freshfields was cut during its latest financial year despite its revenue passing £2bn for the first time. Freshfields has reported a pre-tax profit of £668.9m for the 12 months to 30 April, 2024, according to newly-filed accounts with Companies House. Profit before partners’ annuities increased from £497.8m to £675m. [...]
Inside the bitter court battle over Yodel’s future – and why it matters January 20, 2025 An increasingly bitter legal battle has broken out between Yodel and the entrepreneur who attempted to rescue the delivery giant last year. In the one corner is the Liverpool-headquartered company and its chief executive, Mike Hancox. In the other is the man who led that aborted rescue deal – which ended up falling through last [...]
Time to address the elephant in the room: AI’s impact on legal fees January 7, 2025 Last year, the legal sector saw record-level salaries and large mergers, all while rolling out every AI policy under the sun. So what does 2025 look like?
Partner fees at regional law firms are catching up with City rivals November 5, 2024 The vast majority of law firms are expecting increased revenues, but City partners are seeing their fees slowly drop whereas regional law firms are catching-up
Thomson Reuters snaps up British AI startup that provides legal advice August 21, 2024 Information giant Thomson Reuters has snapped up British artificial intelligence (AI) company Safe Sign Technologies as it looks to grow its suite of AI-powered research tools targeted towards the legal industry. Safe Sign has been building and developing a legal specific large language model (LLM) that aims to make reliable legal advice more accessible. Both firms [...]
Legal regulator sets out ‘excessive’ fee hikes to boost drained industry fund May 29, 2024 The legal regulator wants to increase law firm fees by 236 per cent in order to rebuild the sector's compensation fund after it was significantly impacted over the last year
Standing out: UK law firm Mills & Reeve aims to make a mark in the City May 28, 2024 How can a mid-tier law firm stand out in the competitive legal landscape of the City? Mills and Reeve's London head sees a unique opportunity to distinguish the firm in the bustling London market