Small and medium-sized law firms keep an average of £354,000, or 60% of their funds, squirreled away in business savings accounts, bank research has revealed. Charities invest the most, 77% of total funds, in business savings and the national average is 57%, according to research by Hampshire Trust Bank. More than one quarter of law firms said they were increasing the amount of cash in their firms, to build a cash buffer against unpredictable times following the EU Referendum.
06 October 2016
Law firm savings
MOVERS & SHAKERS
Sidley—Elaine Whiteford
Sidley adds competition litigator Elaine Whiteford in London
Charles Russell Speechlys—Claudina D’Costa
Charles Russell Speechlys welcomes Claudina D’Costa as Director of Client Development Marketing
DWF—11 appointments
DWF strengthens North West teams with 11 newly qualified solicitors
NEWS
The 25th Pro Bono Week begins today until 6 November, with events hosted by law firms, chambers, law schools and charities across the UK
Pro bono is celebrating a silver anniversary, with initiatives putting businesses and students at the heart of access to justice
Choosing the wrong expert can cost a clinical negligence claimant more than their case
Judges risk weakening their own independence by staying silent over government reforms, a leading public lawyer argues
A discount on damages does not automatically mean an equivalent haircut for legal costs in military deafness claims
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