Sunday, 10 January 2010

Could business failures be taken more seriously in 2010?

A MANCHESTER solicitor today warned that the number of law firms falling into insolvency in the region is set to reach record levels during 2010.

Richard Glithero, head of insolvency at city centre outfit Pannone, said smaller practices are especially vulnerable to fraud, lack of funding and soaring insurance premiums.

Manchester Evening News: Insolvency Set to Rocket for Solicitors

In my opinion, if this turns out to be true, we could see business failures being taken a bit more seriously, as one of the professions "profiteering" from business failure starts to experience the pain amongst "its own".

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