Another handy indicator has emerged for anxious law firm leaders trying to predict the impact of the crunch on the legal community, this time in the shape of Deloitte’s quarterly results. The numbers, covering the first financial quarter of 2008-09, confirm that there has been a notable slowdown in growth at major UK law firms since the spring.
Annual revenue growth in the quarter to 31 July was 6.3% among the top 100 law firms surveyed. This is a notable slowdown on the 12-month growth rates seen in the previous quarters: 12% in Q4, 10.6% in Q3, 12.5% in Q2 and 15.1% in the boom time of Q1 2007 (anyone remember then?).
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]