Most solicitors are familiar with the increasing financial demands placed on the partners of a contemporary law firm. The need to keep pace with and take advantage of rapidly evolving technology and the erosion by non-solicitor competition of profitable income has created real financial pressure.
In a world that has, in the words of the chief executive of the Law Society, “become more market-oriented” and in which “consumers are more demanding”, the pages of Legal Week and other publications regularly contain evidence of the need on the part of the profession to access investment capital.
