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WHAT WE’RE WATCHING

SLOWDOWN – Economic uncertainty stemming from Brexit is a big reason that growth at the U.K.’s largest law firms slowed in the 2018-19 fiscal year. Hannah Roberts reports that combined revenues across the U.K.’s top 50 firms grew by 9.6% to about $29.2 billion. The increase is a clear slowdown compared with 2017-18, when the total combined revenue number grew by 15.4%. It is also the lowest rise since 2015-16. The average profit per equity partner for a top 50 firm reached about $906,000, a 4% rise on the previous year, when the figure grew at the same rate.

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