If the number of taxis waiting outside Freshfields Bruckhaus Deringer’s Fleet Street offices at 11pm can be used as a crude barometer of merger activity in the City, then the financial performance of firms with national practices can be taken as a measure of activity levels in the wider UK economy.
The 13 firms in the top 50 with large domestic presences beyond London saw combined revenues grow by 11.6% – driven only in part by mergers – suggesting a return to form for the UK-wide firms and the UK economy as a whole.
