The past five years have seen a dramatic period of growth for the UK's top 25 law firms, despite many suffering steep drops in profitability during the past financial year. Research by Legal Week shows that between 2003-04 and 2008-09, the top 25 UK law firms have averaged a 57.8% increase in turnover and a 38% increase in profits per equity partner (PEP), with turnover growing from an average of £262,820 in 2003-04 to its current figure £414,868. PEP, meanwhile, has risen from an average of £448,720 to £619,640.
August 04, 2009 at 04:33 AM
1 minute read
The original version of this story was published on Legalweek
Five-year research highlights rapid growth for top firms with double-digit rises in turnover and partner profits
The past five years have seen a dramatic period of growth for the UK’s top 25 law firms, despite many suffering steep drops in profitability during the past financial year.
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