Lawyers retain traditional fear of debt with 64% of respondents stating that it should not exceed 10% of turnover
August 27, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Top UK law firms remain highly adverse to debt despite the demands of costly international expansion and the pressure of current market conditions, according to a new survey.
The latest Legal Week/EJ Legal Big Question survey of more than 100 partners confirms that dramatic changes in the profession have done nothing to erode lawyers’ traditional fear of debt, with 64% of respondents claiming debt should not exceed 10% of turnover.
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