News UK 200 The Lawyer UK 200 preview: Insurance: Upstarts force pace of change By The Lawyer 14 August 2011 00:00 18 December 2015 10:20 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 15 August 2011 at 11:31 The fact that change is being driven bottom up will be an alien concept to a profession where change is held by so many at the the top. But if clients are asking for rates cuts and only the factories are willing to offer them then what else can the middle do? The reality is that law firms will have to get used to commercial world where people aren’t paid £50k/£60k when they just come out of uni. Lawyers have spent years inflating their own salaries, it is time to adjust. Reply Link Anonymous 15 August 2011 at 12:12 There will always be space for quality. These firms are pushing change but whether that is sustainable is another thing. Are we walking into a blind alley? In a few years time we could have some big crashes on our hands and everyone will end up paying. Reply Link Anonymous 15 August 2011 at 18:59 Sorry to nitpick but unless my maths are seriously out, the percentage profit change in the chart above for Optima should read -(minus) 40% (0.6 this year against 1.0 last year)? Reply Link Interested Observer 30 August 2011 at 11:00 Hmmm……..a turnover of £80 million and profit of £700,000. It only needs a bit of a downturn in business for things to get rather sticky. Reply Link YMCA 19 July 2013 at 11:36 “Yet the management teams in these former rivals (Clydes and BLG) clearly foresaw mass change in the sector”. er, not really. BLG’s management team of twenty-somethings clearly foresaw that they were better off with another organisation and sold the firm down the river. BLG always had a volume business and prior to the “merger”, had further developed it. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.