Why is it then that legal firms, and other professional businesses like architects, even doctors and engineers miss out?” he asked. He said initiatives such as microcredit schemes and loan deferments, will not do much to help law firms in the long run. “It is unreasonable to expect law firms to take on such debts without the necessary sustainable income. “The Government is also urged to consider subsidising 50% to 80% of law firms’ staff salaries. “The Government must do so by assisting law firms in maintaining sustainable businesses through creating opportunity and providing incentives.

Source: The Edge Markets April 01, 2020 10:07 UTC