Facing the chop
Even if you know you are with the wrong partner, no-one likes to be rejected. So how do clients feel when a law firm tells them they have decided that their business no longer fits with them?After all, there has been much coverage in recent years of large City law firms actively managing their client base, a process that usually means that some smaller clients are turned away.While in busier markets this was typically as much a means for developing advisers' business, with the emphasis on law firms focusing on larger clients, now some firms - notably Linklaters - are looking at trimming their client base to limit potential conflicts in what promises to be a more litigious environment.
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