The use of large up-front fees and disproportionate deposits has already resulted in significant cost consequences for one care provider.
The specialist law firm has climbed the rankings for a fourth year running, having won 28 additional large charity clients.
Shivaji Shiva, senior associate at Anthony Collins Solicitors, said:
“We are delighted to climb the rankings again. This reflects the team’s commitment to helping our charity clients make the difficult decisions that are necessary to succeed in these challenging times.
We have worked to understand the often complex regulatory environments in which our client charities work and the last year has seen that effort rewarded with new clients from charities across our specialist areas of health and social care, social housing, education and faith, as well as the broader charity sector. Moving up in the rankings is always a boost to the team and we are glad to cement our position as a top legal advisor to charities."
CaritasData is the leading provider of financial information for UK charities and non-for-profit organisations, and publishes a wide range of directories and data services, such as the Top 3,000 Charities that includes the top legal advisors list.
The CaritasData annual list ranks law firms by the number of large charities they work for. Top 3,000 charities are defined as those that spent or generated over £3.35million in the last financial year, or have net assets worth over £7.7million. Anthony Collins Solicitors added 28 new large charities to its client base over the last year, taking the total number to 103. This helped the firm to continue its rise up the rankings, jumping up to 6th from 9th position last year.
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