Boom Time for U.K. Firms

It's boom time in London, as U.K. firms begin to report provisional revenue figures for the last financial year, which for the majority of firms ended on April 30. Most firms have yet to report profits per partner figures, although early indications suggest that U.K. partners will have no reason to complain. "We've never known a year like this one where there is no countercyclical offset," says Nigel Moreland, financial director of 700-lawyer Ashurst. "Every practice area in the firm has performed."

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