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Top Irish firms double in size

  • 18-11-2014 6:41pm
    #1
    drkpower
    Registered Users, Registered Users 2 Posts: 5,475 ✭✭✭


    http://m.globallegalpost.com/big-stories/top-irish-firms-double-in-size-71835744/

    Top Irish firms double in size

    Ireland's largest 15 law firms have more than doubled in size since 2007 - but other parts of the legal profession have been hit by the downturn.
    A report produced by consultancy Fitzpatrick Associates shows very mixed fortunes in Ireland. For instance, gross income for solicitors who are self-employed has shrunk by an average of 43 per cent. The slowdown has most affected lawyers outside Dublin. In some parts of the country the fall in income was as high as 53 per cent.


    The largest 15 law firms in the country employ nearly a quarter (22 per cent) of solicitors in the country. The medium-sized firms appear to have suffered from 'extreme price competition' with their larger rivals, according to the report. Source: Irish Times

    Seems a very stark figure. To be honest, I'm a little skeptical about the extent of the growth reported (doubling, really?), but there is no doubt that there has been significant growth, albeit very hard won.

    I'm a bit torn on the implications. While there is a lot to be said for the smaller high street firms contributing to small communities, it is only natural that work would migrate to bigger practices.


Comments

  • #2
    FreudianSlippers
    Registered Users, Registered Users 2 Posts: 20,397 ✭✭✭✭FreudianSlippers


    I see growth in the big 3 and expansion in the top 10. The difference IMHO that the big 3 seem to be just adding mass (according to rumours, including barristers) and the others are seemingly adding specific skill, not numbers.


  • #3
    NoQuarter
    Registered Users, Registered Users 2 Posts: 4,632 ✭✭✭NoQuarter


    FreudianSlippers wrote: »
    I see growth in the big 3 and expansion in the top 10. The difference IMHO that the big 3 seem to be just adding mass (according to rumours, including barristers) and the others are seemingly adding specific skill, not numbers.

    Who are the big 3? I know of the big 5.


  • #4
    FreudianSlippers
    Registered Users, Registered Users 2 Posts: 20,397 ✭✭✭✭FreudianSlippers


    NoQuarter wrote: »
    Who are the big 3? I know of the big 5.

    Eh. I'd say top 5 but big 3: A&L, AC and Matheson.


  • #5
    NoQuarter
    Registered Users, Registered Users 2 Posts: 4,632 ✭✭✭NoQuarter


    FreudianSlippers wrote: »
    Eh. I'd say top 5 but big 3: A&L, AC and Matheson.

    I only said big because you said big :pac:


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