Analysis of the U.K. Top 50's LLP accounts shows that several law firms had less than half as much cash on their balance sheets than debt in early 2020.
June 10, 2021 at 10:41 AM
2 minute read
Senior Reporter
Several of the U.K.’s Top 50 law firms had less than half as much cash on their balance sheets as they did debt at the end of the 2020 financial year, according to an analysis of their limited liability partnership accounts.
Nine law firms had less than 50% as much cash on their balance sheets than debt in early 2020, when the beginnings of the coronavirus pandemic were beginning to be felt within the industry.
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