Charting the new normal for solicitors
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Source: lawgazette.co.uk
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Confidence up as small and medium firms report strong first quarter
One in six have reduced their office space, new Law Society quarterly pulse survey shows.
Source: lawgazette.co.uk
​Law firms sight 'green shoots' of opportunity | News
Medium-sized law firms have weathered the Covid crisis reasonably well despite unprecedented disruption to their businesses, according to a respected legal services bellwether. Most reported higher fee income in 2020 and ‘clear green shoots’ of opportunity are identified in the research. The Law Society’s financial benchmarking survey, which involves 145 medium-sized firms from across England and Wales, reveals that solicitors expect an average fall in profits of 24% for the 2021 fiscal year. However, the Society said many firms had produced ‘overly pessimistic financial projections...
Source: lawgazette.co.uk