We've already got the 'which firm will fold first' thread, so in the interest of fairness to m'learned friends I thought I would get this one going.
According to a survey by the Bar Council 55% of chambers will not survive 6 months if the current situation continues and 81% would not survive 12 months.
I don't for one moment think this will continue for 12 months but 6 months is possible. And there will be some chambers that will start to struggle well before then.
Those with a paper practice will probably be ok. Anyone who relies on physical attendance at Court to get paid out (i.e. the criminal bar) is in a world of pain.
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Brick court
blackstone
3VB
fountain court
essex court chambers
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Interesting selection - any particular reason why you have gone for that little lot?
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Joking , it will be the knockabout two bob criminal and mixed sets
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No reason for chambers to suffer. Tiny overheads and tiny costs compared to the big fat fees and tenants are wealthy and personally responsible for the rent.
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'Tenants are wealthy' @ the junior criminal bar eeek.
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Apparently the Inns are currently still charging full commercial rent.
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Plus with people staying in there must be less crime ;-)
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DS confidently spouting shite as usual. Are u ever right about anything m3?
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You'd guess that provincial sets with a heavy criminal %, with chambers in lovely expensive Georgian buildings owned by a commercial landlord, will be the first to go...
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Well run chambers should be fine
chambers who run overdrafts and/or who have expensive commercial premises may be in trouble
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Ely Place Chambers closing at the end of July.
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Due to vuvu, partially due to vuvu, or in spite of vuvu?
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I am hearing reports that several large criminal chambers have served notice to quit and will shortly be moving to a virtual chambers model with people working from home.
Amazed it has taken vuvu to prompt that TBH. Barristers chambers are ripe for a WFH model.
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Sad news re Ely. In the past I instructed them at the same time as I instructed a magic circle set and was more impressed with Ely.
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