The fall in the value of the Pound and uncertainty over the vote to leave the European Union is exacerbating problems for nearly one-third of Scottish professional services businesses, including law firms, which are still considered to be at a heightened risk of insolvency, says a report by R3, the body for the insolvency industry.
Chairman of R3, Tim Cooper, said that whilst there has been a 2.1 per cent fall in the number of professional services firms in Scotland facing a higher than normal risk of insolvency, there is still a "high proportion" of firms facing risk of failure, with the “current climate” not helping to mitigate those concerns.
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