Three years of sustained growth in profits and income at law firms have now come to an end, according to accountancy firm MHA’s latest annual Legal Benchmarking Report. It reports that, in 2017, law firms of all sizes from sole trader practices to firms with more than 25 partners saw their income fall. Mid-tier firms—those with 11 to 25 partners—saw the largest reduction, with a drop of 11% from 2016. Karen Hain, MHA’s head of professional practices, said: ‘Our research paints a challenging picture for many firms. Efficiency needs to be a key theme for 2018 and beyond.’
18 May 2018
Growth trend comes to an end
MOVERS & SHAKERS
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Browne Jacobson—Vicky Tomlinson
Browne Jacobson appoints Vicky Tomlinson as Head of Independent Health and Care
DWF—five appointments
DWF further strengthens major injury and casualty offering with new partner and four directors from DAC Beachcroft
Switalskis—Laura Ornsby
Switalskis strengthens Grimsby child care team
NEWS
The Supreme Court has settled a long-running dispute over part-time workers: unfavourable treatment need be a significant or effective cause, not the sole cause
Arbitration may be private, but its confidentiality is no impenetrable shield. Writing in NLJ this week, James Glaysher of Kingsley Napley examines when courts will permit arbitral material to surface in open litigation
The Financial Reporting Council’s revised Audit Enforcement Procedure will alter the balance of power in corporate investigations
A telecoms operator may be able to hold over under the Landlord and Tenant Act 1954, yet still be unable to secure a renewal: an outcome described as a legal ‘paradox’
Safety fears do not automatically justify shutting an interested person out of a statutory will application
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