Senior partners are braced for a challenging set of law firm financial results, with nearly half expecting the top 50 UK firms to do worse than they did last year, according to a Legal Week survey.

This week’s EJ Legal/ Legal Week Big Question survey of more than 100 leading partners, found 44% expecting the results of the top 50 firms to be either worse or a lot worse than last year, with a further 21% saying the results would not improve.