Half of law firms claim the credit crunch has not yet had an adverse impact on their businesses, according to a straw poll taken at Travelers’ On Risk conference.

Just 12% of delegates – made up of more than 100 partners and risk managers from a range of firms – admitted that the credit squeeze had hit their property departments, although 40% said more than one department had been affected.

Julia Graham, chief risk officer for DLA Piper, said: ‘I would be amazed if all of us were not affected in several areas.’

When quizzed on whether they had responded to the Legal Complaints Service consultation on publishing solicitors’ complaints records, 37% said they were completely unaware of the consultation, while 39% who were aware of the consultation had not responded.

Of the remaining 24% who did respond, just 7% said complaints should be published and 17% believed they should not.

John Kunzler, claims legal manager at Travelers, said: ‘There were about six or seven consultations out at the time. When are busy lawyers meant to answer all of them?’