A perfect storm of legal aid cuts, a housing market that was dead until recently and competition from so called Alternative Business Structures - legal work done on a production line basis. Sympathy for people seen as 'fat cats' is going to be in short supply but the changes are on the scale of those that hit industry in the eighties.
I get a daily e-mail update from the Law Society's 'Gazette'. Not a day goes by without a news item on either a casualty, a takeover/rescue or redundancies. Not just small firms either, some quite big names have gone down with all or most hands.
Bet RP is glad he got out when he did.
Last edited by: Bromptonaut on Fri 22 Nov 13 at 10:56
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