With the bulk of the top 50 reporting a solid financial year, City partners remain optimistic about the next 12 months, despite the gloomy outlook in the wider economy. Research by Legal Week into confidence levels at the UK's top law firms revealed that 64% of respondents believe their firms will continue to increase revenues over the next 12 months despite the poor market conditions.While few are predicting the soaring increases in turnover firms have enjoyed in recent years - most (54%) expect their firm to boost billings by between 1% and 10% - partners are broadly confident that revenues will not plunge dramatically.
July 17, 2008 at 02:01 AM
1 minute read
The original version of this story was published on Legalweek
With the bulk of the top 50 reporting a solid financial year, City partners remain optimistic about the next 12 months, despite the gloomy outlook in the wider economy.
Research by Legal Week into confidence levels at the UK’s top law firms revealed that 64% of respondents believe their firms will continue to increase revenues over the next 12 months despite the poor market conditions.
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