Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Thursday, 25 August 2011

Legal Aid Cuts Point To Lean Times for Lawyers

Lawyers, law firms, and law centres are in for a tough time as the government introduces plans this week for an additional 10% cut in legal aid fees.  This is on top of the already annnounced 12.5% cuts which has been blamed for the collapse of the legal centre, Law for All,  and the going into administration of the Immigration Advisory Service ( IAS)


The proposal is being put before parliament by the Ministry of Justice to reduce costs in what it alleges is the "most expensive legal aid system in the world".  However, it is possible that the proposal will be voted down by MPs as a cut too far.

For many firms some legal aid work was viewed as a back up in lean times.

There are solutions for law firms that find themselves in difficulty.  Please see how we rescued an LLP Law firm http://companyrescue.blogspot.com/2009/06/how-to-rescue-law-firm-trading-as.html

Partnerships can be rescued using a Partnership Voluntary Arrangement or PVA

We are currently advising law firms at the moment on how to survive difficult times.

We are happy to meet with Partners, followed up by a 20+ page solutions report setting out the options.  All this for absolutely no obligation charge. 







No comments :

Post a Comment

Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

Web Analytics