Is it the best of times or the worst of times? Perhaps it’s both. The U.K. legal industry is certainly facing challenges. Uncertainty over Brexit continues to weigh on the minds of business and finance professionals. Law firms find themselves in the middle of a technological revolution that threatens to leave the slowest adopters behind. And a potential economic downturn is leading many to question whether their practice mix could be better.

For the time being, however, salaries are soaring in a sizzling job market, revenues and profits are still rising, and profit margins are steady.

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