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UK firms divided into 'haves and have-nots'
The next year will be marked by an increased division between large and small firms, according to law firm Mills & Reeve.
Mills & Reeve predict varying fates for large and small firms alphaspirit
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Steve Allen, head of the Birmingham office of Mills & Reeve, is predicting varying fates for the legal services sector from January. He says: 'For most of Britain’s large and mid-tier law firms 2014 holds more promise than any other year in the last five.' But he goes on to conclude: 'The legal sector has endured a lot of consolidation during the recession. Now we are seeing an increased polarisation of the profession – the have and the have-nots– and I regret that while workloads and profits are returning to the top tiers, the challenges for smaller firms remain.' Source: Birmingham Post
