Costs analysts Kain Knight has published its report on the legal sector, Company Watch, concluding that a third of all firms may be underweight in terms of capital. It concludes that just over a third, 34.5 per cent, of the 2,600 firms it analysed look as if they are 'in trouble', according to Legal Futures.
Peter Petyt, Kain Knight's chief exec, said: 'Our research suggests that firms should be proactive in seeking sources of both equity and debt capital to strengthen their balance sheets. This will require careful presentation of the value which often lies hidden in firms, as well as validation of the firm’s operating assets.'
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