Credit: Rudzhan/Adobe Stock Why Are UK Law Firm Revenues Are Up While Profits Are Down?
A look at the reasons why this phenomenon is occurring in the early financial results suggests a rapidly rising challenge in balancing the books, The London Lawyer argues.
July 14, 2023 at 06:36 AM
4 minute read
Law Firm Profitability
As law firms across U.K. post their financial statements for 2022-23, two entwined trends are emerging. Revenues are, by and large, continuing to rise. But profits and average profits per equity partner are either flattening or falling.
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