Sole practitioner solicitors′ firms provide a unique and relatively cost‐effective service. Such firms are believed to be at risk because of a trend within the legal profession towards larger practices offering a wider and more sophisticated range of services. Research reported here,...

Explains why, of all organizations at risk in the current economic recession, small businesses are the most vulnerable. Confirms that downturns are typically rapid and the prognosis poor, and that the emotional and financial hardships of personal bankruptcy are often severe. Challenges the...