Charles Martin, senior partner, Macfarlanes

Opinion: Small firms can walk tall

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  • Spot on Martin. Insolvency is an area that does not sit easily in most firms. Also there is not really enough work for all medium to large firms to have their own insolvency teams. It makes sense then for many firms to out-source their insolvency situations to the experts.

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  • I completely agree that there is a market for small firms with specialist expertise. However that doesn't get past the issue that there are too many law firms doing much the same thing. Consolidation of the legal market doesn't have to mean smaller firms joining to become bigger. Some firms will need to desolve completely.

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