Growth at the U.K.’s largest law firms slowed in the 2018-19 financial year, as market uncertainty affected firms’ ability to improve on the previous year’s bumper results.
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Combined revenues across the U.K.’s top 50 firms grew by 9.6% to £24.2 billion. The increase, though achieved against a backdrop of economic uncertainty amid ongoing Brexit discussions, is a clear slowdown compared with 2017-18, when the total combined revenue number grew by 15.4%. It is also the lowest rise since 2015-16.
