Cutting the cost of family lawyers: I get knocked down but I get up again...
Due to the coalition government's emergency budget and swingeing public sector cuts looming on the horizon I cannot open a newspaper these days without reading about the impending double dip recession.
The legal services profession has been particularly hard hit by the declining economy. The most recent victim being national law firm Halliwells which went into administration at the end of last month. A statement issued by the firm cited the economic climate and its impact on profitability as contributing factors. So what will the double dip recession mean for family law practitioners?
Financially savvy clients are demanding value for money and looking at means to reduce spending on legal fees. Let's face it ancillary relief clients are faced with a double dip of their own first having to pay off...
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