Law Update: Hard times
A survey by the Centre for Interfirm Comparison suggests that sole practitioners continue to have the hardest time. On the basis of a notional salary of pounds 35,000, the typical profit was only pounds 800, compared with more than pounds 20,000 per partner in medium-sized provincial firms. On the same basis, a quarter of sole practioners made a loss of pounds 15,000 or more.
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