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In this video, Legal Week editor Georgina Stanley talks to Giles Murphy, head of the professional practices group at Smith & Williamson, about the limited liability partnership (LLP) accounts of the UK’s 50 largest law firms and what we can learn from them.

Subjects covered include the warning signs firms should be looking out for, the magic circle’s performance relative to the rest of the top 50, and why lock-up has been thrown into particular focus by the collapse of King & Wood Mallesons’ European arm.

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