While workloads for Scottish legal firms have increased since the early part of lockdown, turnover has not yet recovered to pre-pandemic levels.
The Law Society of Scotland has published its second survey into the financial impact of Covid-19 on private practice legal firms.
Undertaken six months on from the initial survey – carried out with senior solicitors at more than 150 private practice law firms in May – 128 of the same participants responded, with results showing that while business has begun to pick up after the immediate impact of lockdown, most firms are still battling against the challenges of the pandemic.
Turnover has improved for most firms from the position they forecast in May, with 70% of firms interviewed reporting a reduced turnover and 55% a reduced cashflow, compared to 90% and 84% respectively back in May.
There has also been a drop in the number of firms who