The U.K.’s top 100 law firms saw a year-on-year increase in fee income of nearly 10 percent during the second quarter of the 2011-12 financial year, with new research showing a continued improvement in trading despite the economic uncertainty in the eurozone.
Figures compiled by professional services firm Deloitte show fee income across the 100 largest U.K. law firms by revenue increased by 9.8 percent during the three months ending Oct. 31 compared with the same period last year. The increase is more than double that seen in Q1 2011-12, when revenues grew by 4 percent compared with the same period last year.
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