Get Everything You Need to Secure a Training Contract
Now half the price. Join TCLA Premium for £30/month and get step-by-step application support, daily commercial awareness practice, and 700+ successful examples of past applications and interview experiences. Plus so much more.
17 December 2025
5:30 pm – 6:30 pm (UK)
Hosted on TCLA TV
Join Isabel Elsey, Legal Recruitment Manager at BCLP, for a live Q&A session. Get details on secondments, innovation, growth areas, and everything else you’ve wanted to ask about life at BCLP!
Mini Series: The Business of Law Firms - Profit
By Jake Rickman
Overview
This article is the third in a series on the Business of Law Firms.
Last time, we considered why profit might be calculated in different ways and then looked at two measures of profit: operating profit and profit...
Hi all! Hope you're surviving the heatwave!
Just wondering if anyone has any insight as to BPP's LPC exam policy as regards if it is open book still. I am supposed to start in September and cannot seem to get a concrete answer out of BPP itself.
Thanks!
Mini Series: The Business of Law Firms
Profit
By Jake Rickman
Overview
This article is the second in a series on the Business of Law Firms. Last week, we looked at the basics of an income statement by examining Clifford Chance’s most recently published accounts. Specifically, we considered...
Trump's SPAC Setback
By Jake Rickman
What do you need to know this week?
A United States federal grand jury has served Digital World Acquisition Corp (DWAC) — the blank-cheque SPAC that intends to acquire former president Donald Trump’s Trump Media and Technology Group (TMTG) — with a...
William Barton / Shutterstock.com
EY Undervalues NSO Group
By Jake Rickman
What do you need to know this week?
Big Four firm EY is under scrutiny for its valuation of the controversial NSO Group. EY had valued the group at £1.9bn shortly before the Israeli defence firm received a $10m...
Mini Series: The Business of Law Firms
A Firm's Accounts
By Jake Rickman
Overview
We will look at some key drivers of law firms as a business in what will be the first in a mini-series on the business of law firms.
This week’s goal is to demystify a law firm’s accounts (specifically its...
William Barton / Shutterstock.com
EY Moving Ahead with Carve Out Plans
By Jake Rickman
What do you need to know this week?
Big Four professional service firm Ernst & Young (EY) appears to be moving ahead with its plan to break up its business by possibly listing its advisory business on...
Historic Rate Rises with More Likely to Follow
By Jake Rickman
What do you need to know this week?
On Wednesday last week, the US Federal Reserve raised its federal funds rate by 75 bps (i.e. basis points, equivalent to 0.75%) from a target range of 0.75% - 1.00% to 1.50% – 1.75%. This is...
The Legal Profession This Week - Mishcon Suspends IPO
By Jake Rickman
What do you need to know this week?
Mishcon de Reya has suspended its initial public offering (IPO) — a plan that has been in the works since 2019.
IPOs around the world are down across the board. The volume of cash...
Evaluating the Risk of a Recession
By Jake Rickman
What do you need to know this week?
First, energy prices around the world continue to soar due to further supply interruptions, including a fire at a key liquid natural gas (LNG) terminal in the US and Russia’s announcement of additional...
Nadezda Murmakova / Shutterstock.com
Crypto Company Coinbase Contracts
By Jake Rickman
What do you need to know this week?
The US-based crypto exchange platform Coinbase has laid off 1,100 employees — equivalent to nearly 20% of its staff.
A blog post on the company’s website cites a...
chingyunsong / Shutterstock.com
Foxtrot! Paramount sued over Top Gun Sequel
By Jake Rickman
What do you need to know this week?
On Monday, it was announced that the studio that produced the recently-released sequel to the 1980s blockbuster Top Gun is being sued for copyright infringement...
Peter Bueno / Shutterstock.com
Judicial Review Claims Against the London Metal Exchange
By Jake Rickman
What do you need to know this week?
This week, hedge fund Elliott Management and market maker Jane Street have each filed a judicial review claim against the London Metal Exchange (LME)...
UK Consumer Spending Slows for Second Successive Month
By Jake Rickman
What do you need to know this week?
In a joint report compiled by professional services firm KPMG and the British Retail Consortium, consumer spending is down for the second month in a row in April.
In effect, retail...
Trian Founder to Join Board of Unilever
By Jake Rickman
What do you need to know this week?
The founder of Trian Fund Management, Nelson Peltz, has been appointed to the board of Unilever as a non-executive director.
As we reported on not once, but twice: Trian acquired a 1.5% stake in...
ph.FAB / Shutterstock.com
The Sale of AC Milan
By Jake Rickman
What do you need to know this week?
The agreement to sell this year’s Serie A season-winner A.C. Milan has been finalised. Bloomberg reports that the deal could be valued at €1.2bn.
Elliott Management Corporation — one of the...
Clifford Chance Ups the Ante in the City Pay War
By Jake Rickman
What do you need to know this week?
Magic Circle law firm Clifford Chance announced on Monday it will now pay its newly qualified solicitors £125,000 per annum.
This marks yet another raise in what seems to be a...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.