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he 150-year-old City firm just posted profitability numbers that will make some London big law partners wince, but the strategy is deceptively simple. While the Magic Circle firms continue their global expansion arms race, adding offices in places most partners couldn’t find on a map, Macfarlanes has been quietly doing something almost heretical in modern BigLaw: staying focused, staying small, and getting spectacularly rich in the process. Log in to read more . . - Record £534m PE Cash Floods UK Law Firms With AI As the Rocket Fuel
If you’re a lawyer watching your firm’s P&L or thinking about the next tech upgrade, here’s the headline you can’t ignore: private equity poured a record £534 million into UK law firms in 2024, which is a chunky 42% jump from £377m the year before. Over the past five years that’s more than £1.2 billion of fresh capital heading into the sector. - BigLaw’s $50K Public Interest Stipend War: What It Really Means for Law Students
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- London Law Boss ‘Spitting Feathers’ Over Partners’ Sexual Harassment Pattern
The boss of one of the London’s elite insurance law firms has taken the extraordinary step of personally overseeing misconduct complaints after rising allegations of bullying and sexual harassment among senior partners, shining a fresh, unflattering light on law firms’ ongoing struggle to clean up their cultures. Read more . .
