Thursday 13 November 2014

Small and British: are you feeling busier ...?

More work -- at last
The latest H W Fisher survey of small and medium-sized law practices in the UK reflects the fact that the economy is picking up a bit, with firms in this sector experiencing a reported turnover some 4% higher than a year previously. However, this good fortune (assuming that increased turnover = increased profit) is not spread evenly: this because the turnover of the larger firms within the legal SME sector rose by around 10%. This wouldn't seem to leave much for the smaller firms. Interestingly, litigation is said to have dropped from 36% of the surveyed firms' work to around 26%. I doubt that this would be reflected in the IP sector, where the Intellectual Property Enterprise Court's recently-spawned Small Claims track has apparently been buzzing with activity.

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