COMMENTS

Jenny McKeown:

"The last 12 months have been challenging for law firms. The current financial crisis is affecting professional firms and their strategies for survival and growth. In addition to these external pressures there is an internal squeeze on the time committed to understanding and adapting to the SRA’s new outcomes focussed regulation and in some cases whether an ABS might be appropriate. The next 12 months will be characterised by even more change: there will be mergers, the first ABSs, more team moves and most likely, more downsizing."