More mergers predicted as market confidence drops
Confidence in the future of the legal sector has fallen sharply over the past 12 months, new research has revealed. According to an independent study, compiled on behalf of accountancy firm Smith & Williamson, just 50% of the UK's leading firms are either 'very confident' or 'reasonably confident' in the business outlook for the coming year. The figure for 2007 was 91%.Giles Murphy, head of assurance and business services at Smith & Williamson, commented: "Last year's results gave the first hint that confidence was starting to wane, but this trend has dramatically increased this year.
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