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QualitySolicitors sets sights on UK domination with private equity injection

The cries from the naysayers regarding the potential for QS and similar outfits to succeed in an increasingly liberalised legal service sector are in my view being uttered by folks who don't really appreciate marketplace realities. For example: (a) High street "footfall" has fallen and so have operating profits at local practices. Shopping malls, multi-functional supermarkets and the internet have replaced the hight street as the main source of goods and services. At the same time, there is still considerable unmet consumer demand for (quality) legal services. (b) Persistently high unemployment will help to drive growth in the number of SMEs in the mid-term which in turn will increase the need for legal advice in different areas during the lifecycle of their ventures. I applaud efforts by QS and others to help drive sector growth and refresh the consumer/SME experience.

21-Oct-2011

1:57 pm