Finance

• “Beyond comprehension” why struggling law firm failed to make HMRC arrangement
• “Overwhelming disagreement” made SRA change track on COFA responsibility
• "Significant minority" of London lawyers dodging tax but experts split on HMRC crackdown
• Average big firm PEP tops £1m but fee income per hour falls
• Banks agree £60m funding facility to fuel “substantial” growth at Irwin Mitchell
• Bar Council in deal with credit specialist to finance fees
• Barristers to have facility to deal with client money from next year
• Big rise in law firms incorporating to combat practice funding problems
• Budget crackdown on misuse of partnership structure to avoid tax
• Cash-strapped law firms and lawyers up borrowing to pay tax bills