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The Law Society Gazette reports that Halliwells, with its significant insurance division, is “hovering on the brink of administration”.
As the recession increasingly bites, with both claimant and defendant firms going under, it can only be a question of time before some law costs drafting firms start to be hit by the knock-on effect. We can only hope that the apparent increases in personal injury claims will help compensate. Unfortunately, it is unlikely to benefit those legal costs firms who lose their main clients.