What will happen to growth in the legal market when the economy starts to recover from the current crisis? Growth as a strategy will need re-thinking as firms struggle to rebuild revenue streams and are pinched by the changing demands of clients, pricing pressures and reduced headcount. We believe that growth is not dead yet, it can be revived.
Reforming the legal regime regarding the use of damages-based agreements (DBAs) in the UK is a vital, and long overdue, development. It’s a step that needs to be taken.