Special Report: New legal brief

Some Perth legal practices are riding out the current economic storm better than others, and it seems size does matter.

THE size of Western Australia's legal practices has fluctuated only mildly during the past 12 months despite the sector's changing dynamics as a result of the economic slowdown.

MEMBERS of Perth's legal fraternity have confirmed that while insolvency enquiries have grown, the level of activity in the sector due to the downturn is lower than initially predicted.

THE legal landscape in Perth is as dynamic as it has ever been with new market entrants, unexpected mergers and surprise splits making waves in recent months.

LEGAL firms are amending their staff management and recruitment plans in light of the economic downturn with confirmation that the true worth of a practice can be found in the quality of its legal professionals.