NEW Law Society President Lucy Scott-Moncrieff has urged independent law firms in the Solihull area to capitalise on business and professional opportunities, even in what she readily recognises are difficult times for many.
Ms Scott-Moncrieff was speaking at a round table forum for locally-based independent law firms at the Solihull office of mid-sized Williamson & Soden.
“Even in times of very slow growth or recession, businesses can find opportunities to succeed and lawyers should be no different,” she said. “Challenging trading conditions for clients for example can mean that smaller legal firms can adapt their services rapidly to support those clients through the difficult times. There are also opportunities for lawyers to innovate in terms of ownership structures.”
There was a positive note to much of the discussions. Ian Williamson, senior partner at Williamson & Soden, said: “Firms of our size can use their broad spectrum of established client connections, resources and a concentration on innovation to adapt our services to a period of recession or slow growth.”