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Freeth Cartwright remains optimistic about debt levels

Contrary to most of the views expressed on here, Freeths has been run, both on the day to day level and strategically, by accountants, not partners for a very long time, and they do it very well. As a former long-term employee I know from experience that the firm is highly focused on interim billing and cashflow, although as Peter suggests in the article it's impossible to eradicate lawyers' tendency to save a lot of their fees up for the year end. I have no doubt that Freeths' management is well up to the task of seeing it through the difficult period that almost all firms are currently experiencing. The worrying thing is that if the Lawyer is writing this sort of thing about Freeths, it is clearly missing a large number of less well-managed firms which are probably in far worse situations.

22-Nov-2010

5:55 am