Law firm business confidence has proved strong in the first quarter this year, with around half seeing an increase in the number of new matters, recorded chargeable hours and fees billed, a new report showed. 

Conveyancing firms have been particularly busy, with the number of new matters increasing by 54 per cent, according to the first Law Society Law Management Section’s quarterly pulse survey of small and medium-sized firms.

It found fee-earner headcount had increased for 23 per cent of firms in the first quarter, while just 4 per cent reported redundancies; and though one in five said their cash position had worsened – 40 per cent of firms reported being in a better cash position than they were in the pre...

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