Despite Monsoon Accessorize’s company voluntary arrangement (CVA) being approved in July, accounts filed at Companies House show that the company is still in critical condition. The CVA will see rent reductions taking place for 135 of their 258 UK stores.
The legal services industry is undergoing significant disruption in a variety of areas. As pressure builds on firms to cut fees on low-value work, mergers between mid-market firms have shaken up the traditional City hierarchy. The boom in legal technology has irreversibly altered the legal landscape and it continues to demand unprecedented volumes of investment. Clients increasingly expect firms to automate lower-level work and focus their fee-earners on higher-value services. All of these developments necessitate significant up-front capital. Some firms, in their experiments with different business models, are choosing to go public.