Partners undaunted by law firm collapses
Partners remain bullish that their firms can withstand financial shocks or the impact of mass partner departures despite the aftermath of Halliwells' recent collapse, according to new research. The latest Big Question survey found that 77% of partners remain confident that their firm is able to avoid ‘severe financial problems' or a full-scale collapse. In contrast, only 17% of the 158 respondents to the survey admitted that they were ‘a little' worried, while 6% of partners stated that they were ‘very worried' about their firm.
Despite the recent fall of Halliwells, partners remain confident that their firms have the necessary policies in place to maintain financial stability. Friederike Heine reports
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