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Law firms: survival of the fittest?

02 December 2022 / Andy Cullwick
Issue: 8005 / Categories: Features , Profession , Legal services , Marketing , Technology
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Andy Cullwick considers how law firms are facing up to an uncertain future, & how they can best adapt to it
  • The latest White Paper from First4Lawyers looks at the big issues affecting law firms and what they are doing to prepare themselves for the difficult year ahead.
  • Whiplash reforms continue to bite, with a quarter of firms exiting the small claims road traffic accident market and more set to follow.
  • Despite the popularity of review sites, just over a third of firms read or respond to what is said about them online.

It’s at this time of year that we start seeing predicted legal trends for the next 12 months. Sadly, the outlook for 2023 is not so much of a prediction as a foregone conclusion. Rising inflation and the impending recession make it likely that the months ahead will be difficult for many, but particularly for law firms in the personal injury (PI) sector, the number of which has dropped significantly in the last 18 months.

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MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

A good book, a glass of chilled Albarino, and being creative for pleasure help Liz McGrath balance the rigours of complex bundles and being Head of Chambers

Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn

Partner appointment in firm’s equity capital markets team

NEWS

Walkers and runners will take in some of London’s finest views at the 16th annual charity event

Law school partners with charity to give free assistance to litigants in need

Could the Labour government usher in a new era for digital assets, ask Keith Oliver, head of international, and Amalia Neenan FitzGerald, associate, Peters & Peters, in this week’s NLJ

An extra bit is being added to case citations to show the pecking order of the judges concerned. Former district judge Stephen Gold has the details, in his ‘Civil way’ column in this week’s NLJ

The Labour government’s position on alternative dispute resolution (ADR) is not yet clear

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