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The UK’s 50 largest law firms brought in more than £22bn between them during 2017-18, with a strong performance in the face of economic and political uncertainty helping drive average profit per equity partner (PEP) across the group above £700,000 for the first time.

Legal Week’s annual ranking of the UK’s 50 largest commercial law firms – which for the first time this year will be followed by a ranking of the next 50 firms – shows combined revenue grew 12% year on year to a new high of £22.5bn in 2017-18, up from £20.1bn last year.

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Georgina Stanley

Georgina Stanley is the editor of Legal Week. She joined the magazine in October 2005 and has since written news, analysis and commentary about a range of leading UK and international commercial law firms, as well as trends in the profession. Before joining Legal Week she worked at several business titles, starting her journalism career at Euromoney.

 

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