Law firms, strategy, finances and the market for legal services.
Neither term is an official ranking, but both shape how the City's legal market talks about itself - what the two tiers mean and which firms sit in them.
The SRA Accounts Rules keep the money a firm holds for its clients strictly separate from its own. Here is why that ringfence is one of the profession's most important protections.
Hourly rates, fixed fees, no-win-no-fee and the loser-pays rule: a plain guide to how lawyers charge and who ends up paying.
Most sizeable law firms in England and Wales trade as limited liability partnerships. Here is what that legal form actually means for the people who own and run them.
The latest reporting season points to a resilient top line across the largest UK practices, though partners warn that rising costs are steadily squeezing margins.
Elevated company failures and a steady stream of director disqualifications are keeping insolvency and restructuring lawyers among the busiest in the market.
