The United Kingdom's top 50 law firms have seen a second year of double-digit revenue growth, with fees rising 14 percent annually to hit �10.5 billion. Legal Week 's 2006-07 figures also show average profits per equity partner going up by 13.5 percent. What's more, the four largest firms generated �4.18 billion in fees among them, nearly 40 percent of the top 50's income. Clifford Chance managing partner David Childs said the results vindicated the big four firms' investment in their foreign offices.
July 20, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
London’s big four have secured their place among the emerging global elite after what will be seen as a breakthrough year for the U.K.’s leading law firms.
Legal Week‘s 2006-07 results, the first finalized picture of the performance of the U.K.’s top 50 law firms, shows the group achieving its second year of double-digit revenue growth with fees rising 14 percent annually to hit �10.5 billion.
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