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Cash levels are low and the time it takes to get paid has not improved, the analysis found.

Some of the U.K.’s top 50 law firms face a real risk of collapse amid the financial hardships brought on by the pandemic, according to an analysis of their accounts by auditor Smith & Williamson.

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Paul Hodkinson

Paul Hodkinson is the Editor-In-Chief of Law.com International and Legal Week. Before joining the company in late 2018, he was the Deputy Editor and Comment Editor of Financial News, part of Dow Jones. He has also held roles as Acting Editor of Financial News and Editor of Private Equity News and has written for The Wall Street Journal as well as numerous private equity publications in the U.S. It is his second stint at Legal Week, after he worked at the publication between 2002 and 2008. [email protected]

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