Magic circle profits dip as slowdown hits legal sector:
The gap in profits between the UK’s magic circle firms and their nearest rivals has narrowed for the second year running according to research by Legal Week, as evidence emerges that expansion costs and slowing corporate activity have ended the top London firms’ once unchallenged profitability. (1 August)
QBD faces fall in claims for third year running:
The collapse in the caseload of the Queen’s Bench Division (QBD) of the High Court has continued into its third consecutive year according to the annual judicial statistics report of the Lord Chancellor’s Department.
