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Anon (01 June 2017 - 18:09) - I whole heartedly agree, law firms should also confirm how many human hours have actually been spent per matter versus money earned per matter. It will then become clear that each file is being done for about double digit £s per hour and therefore at a likely loss v the costs of the firm. How many firms actually know what their daily burn rate is? What is the point of having a COFA - when clearly work is done at a loss like in many cases of residential conveyancing. Solicitors take risks and buck stops with them about time collectively prices were increased. I could not do few months work for a few hundred quid so I left resi behind - best thing I ever did.