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The Lawyer UK 200 preview: Regional: North steams ahead in profit fightback

The next year will be very interesting for the Newcastle law firms. The likes of DD and WH will struggle to increase their turnover as DWF enters the market, as many of their clients are increasingly price sensitive at the expense of loyalty to their advisers, and are therefore likely to at least give DWF a try. In a stagnant North East market losing even a few decent sized mandates will make a big difference. The threat to the existing Newcastle firms of a growing, aspirational firm entering the market should not be underestimated; I agree with earlier comments that at least one firm will go.

16-Aug-2011

10:45 am