News

Technology is firmly establishing itself in the legal market. Law firms all over the City are taking advantage of the developments in legal tech to provide the most practical solutions to the challenges that clients face.

Stephenson Harwood’s profit per equity partner (PEP) bounced back from two consecutive years of decline, rising 9% to reach £727,000 as the firm’s top line grew 12% to hit the £213m mark.

Revenue at CMS Cameron McKenna Nabarro Olswang hit £545.8m in 2018/19, 5% up on the previous year in what managing partner Stephen Millar (pictured) described as ‘pleasing results in a market which is experiencing a degree of uncertainty’.

Graduate recruitment specialist Rare has launched an online portal designed to help high-achieving students from less well-off backgrounds access a career in law.

Investment continues to flow into New Law and legal tech with US-based law company Elevate securing $25m in private equity backing while legal tech start-up Orbital Witness raises £1.2m.

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