I will try to answer the second question.
Prop 1. Let ${\bf C} \xleftarrow{i} {\bf A} \xrightarrow{f} {\bf B}$ be a span where $i$ is dense and fully faithful. Moreover $\text{lan}_if$ is pointwise. Then, the following are equivalent.
- $\text{lan}_if \dashv \text{lan}_fi$. 2. $f$ is the $i$-relative left adjoint of $\text{lan}_fi$, i.e. ${\bf C}(i, \text{lan}_fi) \cong {\bf B}(f, \_ ).$ 3. $f = \text{lift}_{\text{lan}_fi}i$ and the lift is absolute.
If $i$ is only fully faithful $1 \Rightarrow 2$, if $i$ is only dense $2 \Rightarrow 1$.
Proof.
$1 \Rightarrow 2$) $${\bf B}(f, \_) \stackrel{i \text{ is ff.}}{\cong} {\bf B}((\text{lan}_if) i, \_) \stackrel{1}{\cong} {\bf C}(i, \text{lan}_fi).$$
$2 \Rightarrow 1$) $${\bf B}(\text{lan}_if, \_) \stackrel{\text{point.}}{\cong} \text{lan}_i{\bf B}(f, \_) \stackrel{2}{\cong} \text{lan}_i{\bf C}(i, \text{lan}_fi) \stackrel{\text{point.}}{\cong} {\bf C}(\text{lan}_ii, \text{lan}_fi) \stackrel{i \text{ is dense}}{\cong} {\bf C}(\_, \text{lan}_fi).$$
$3$ is just a rewriting of $2$.
Now we study a very special setting.
Let ${\bf C} \xleftarrow{i} {\bf A} \xrightarrow{f} {\bf B}$ be a span where $i$ is dense and fully faithful. Moreover $\text{lan}_if$ is pointwise, ${\bf A}$ is small, ${\bf C}$ and ${\bf B}$ are cocomplete.
In this setting ${\bf C}$ is a reflective subcategory $ V: {\bf C} \leftrightarrows \text{Set}^{{\bf A}^\circ} : L $ of $\text{Set}^{{\bf A}^\circ}$ via the nerve $V = \text{lan}_i(y_{{\bf A}})$ (V is the right adjoint).
Prop 2. Let ${\bf C} \xleftarrow{i} {\bf A} \xrightarrow{f} {\bf B}$ be a span where $i$ is dense and fully faithful. ${\bf A}$ is small, ${\bf C}$ and ${\bf B}$ are cocomplete. Then, the following are equivalent.
- $\text{lan}_if \dashv \text{lan}_fi$.
- V preserves $\text{lan}_fi$.
- ${\bf C}(i,\text{lan}_fi) \cong \text{lan}_f{\bf C}(i,i)$.
Proof. Recall that $\text{lan}_if$ is pointwise,because ${\bf B}$ is cocomplete.
$1 \Rightarrow 2)$.
Using Prop 1. we know that ${\bf C}(i, \text{lan}_fi) \cong {\bf B}(f, \_ )$. Since the presheaf construction is a Yoneda structure, we have that $\text{Set}^{{\bf A}^\circ}(y_A, \text{lan}_fy_A) \cong {\bf B}(f, \_)$.
Thus, $$ {\bf C}(i, \text{lan}_fi) \cong {\bf B}(f, \_) \cong \text{Set}^{{\bf A}^\circ}(y_A, \text{lan}_fy_A) \cong \text{Set}^{{\bf A}^\circ}(y_A, \text{lan}_fVi)$$
Observe also that $${\bf C}(i, \text{lan}_fi) \cong {\bf C}(Ly_A, \text{lan}_fi) \stackrel{L \dashv V}{\cong} \text{Set}^{{\bf A}^\circ}(y_A, V\text{lan}_fi),$$ putting the last two equation together, one gets: $$\text{Set}^{{\bf A}^\circ}(y_A, \text{lan}_fVi) \cong \text{Set}^{{\bf A}^\circ}(y_A, V\text{lan}_fi). $$ By Yoneda Lemma the two functors on the right have to coincide.
$2 \Rightarrow 1).$
Using Prop 1. it is enough to prove that ${\bf C}(i, \text{lan}_fi) \cong {\bf B}(f, \_ )$. Since the presheaf construction is a Yoneda structure, we have that $\text{Set}^{{\bf A}^\circ}(y_A, \text{lan}_fy_A) \cong {\bf B}(f, \_)$. Now, $${\bf C}(i, \text{lan}_fi) \cong {\bf C}(Ly_A, \text{lan}_fi) \stackrel{L \dashv V}{\cong} \text{Set}^{{\bf A}^\circ}(y_A, V\text{lan}_fi) \stackrel{2}{\cong} \text{Set}^{{\bf A}^\circ}(y_A, \text{lan}_fVi) \cong \text{Set}^{{\bf A}^\circ}(y_A, \text{lan}_fy_A) \cong {\bf B}(f, \_). $$
$3$ is just a rewriting of $2$.
Cor. 1 (Quite surprising). Let ${\bf Set}^{A^\circ} \xleftarrow{y} {\bf A} \xrightarrow{f} {\bf B}$ be a span where $y$ is the Yoneda embedding of a small category and ${\bf B}$ is cocomplete. Then $\text{lan}_yf \dashv \text{lan}_fy$.
Proof 1. In Prop 1 the condition 2 is verified and is essentially a rewriting of the Yoneda Lemma. Moreover $\text{lan}_yf$ is pointwise because ${\bf B}$ is cocomplete.
Proof 2. In Prop 2 the condition 2 is trivially verified because $V$ is the identity.
I shall conclude by saying that the adjunction cannot verify too often.
Rem. 4 Let $y: {\bf A} \to {\bf C}$ be a dense and fully faithful functor. Then the following are equivalent.
- For every map $f: {\bf A} \to {\bf B}$, where ${\bf B}$ is cocomplete, the Kan extensions $\text{lan}_yf$ and $\text{lan}_fy$ exist and are adjoint. 2. $y$ is the Yoneda embedding.
Proof. One implications is Cor 1. The other implication can be read as follows, if 1 is verified, then for every functor $f: {\bf A} \to {\bf B}$, there is a unique cocontinous extension ($\text{lan}_yf$), this is the characterization of the free cocompletion under colimits, that is the (small) presheaf construction.