For years, the legal profession was risk-averse. It meant that law firms rarely had recourse to bank debt, preferring to rely on partner capital. But as our exclusive survey makes clear, more than two-thirds of LLPs in the UK200 are now making use of debt as a management tool. Exactly how risky is it?
Debt: Red lines
Borrowing your way to growth
Net debt more than doubles at RPC
Irwin Mitchell taps trio of banks for £90m funding facility
BLP bank debt rises by 223% as latest LLP accounts reveal varying fortunes for UK firms