• Text size
  • Send this article to a friend
  • Print this article

Major merger of Scottish law firms expected

A MAJOR merger of law firms in Scotland is likely in the next two to three years, according to the latest annual survey of the sector from accountancy firm PricewaterhouseCoopers.

The survey found Scottish law firms had endured "a challenging year", with turnover on the whole remaining flat.

PwC concluded from its survey firms had "at best" achieved a "small marginal increase in profit per full equity partner". And it highlighted a "sustained reduction in the number of full equity partners, coupled with a reduction in the numbers of support staff and business overheads".