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No one out there cares that much about solicitors' profits except to the extent that failure to make them threatens the interests of clients. So expect no help from any quarter. Over the course of a long career, one way or another, I have seen the internal workings of many practises and found the great majority to be poorly run with little understanding of basic business concepts, such as finance, credit control etc. The market is reacting as one would predict, by pruning the weak. Don't expect it to get better because it won't.

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