Top U.K. firms rapidly shored up their cash balance last April at the outbreak of the pandemic. (Image: Shutterstock) Driven in Part by 'Fear,' UK Top 50 Law Firms Bulked Up Their Cash Reserves Early in the Pandemic
"Working remotely is a lesson we'll be applying to our businesses, so why not do the same for financial management?"
June 09, 2021 at 10:51 AM
4 minute read
Law Firm Management
The U.K.'s largest 50 law firms rapidly increased their cash reserves by nearly 60% at the outset of the coronavirus pandemic, according to an analysis of their 2019-20 limited liability accounts by auditor Smith & Williamson.
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