Write-offs by banks to the sector of legal, accountancy and other unincorporated firms totalled £264m in the year to September 2013, according to an analysis by Syscap. In 2009, the write-offs totalled just slightly less - £259m. The high mark was in 2010 (£315m). It then declined in 2011 (£292m) and again in 2012 (£278m).
Relatively good performance
Philip White, CEO of Syscap, said: 'Legal and accountancy firms performed relatively well during the recession compared to other sectors.' Source: Financial Director
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