A number of factors have caused law firms to re-appraise their financing arrangements during the year. These include the need to fund investment in systems and new technologies, workplace changes or simply the need to re-visit financing levels and structures that have been in place for some time. There has been limited movement in capital account balances across, although there has been a general increase in UK current account balances across most firms. This years’ survey does show that firms are beginning to take action to address the lock-up challenge which has been a consistent negative theme for many years.
Read our 'at a glance' preview below for more on this section.