Follow all the day’s developments in the UK’s Covid-19 crisis, including reports of how lockdown may be eased
Many high-street law firms could face closure this year as a result of the coronavirus pandemic, according to a Law Society survey.
The results showed 71% of small law firms believe they may have to close their doors within the next six months because of physical distancing hindering face-to-face transactions, court hearings and the wider economy.
Although a firm may be open for business, this does not mean it is business as usual.
Residential property transactions have ground to a halt. Reduction in court hearings has massively impacted on the amount of work available – while social distancing and the lack of face-to-face meetings is causing difficulty delivering in other areas, such as the execution of wills.