Rising profits at expansive US law firms and continued weakness in sterling look set to sustain competitive pressure on globally ambitious UK firms for years to come, according to new research. This year’s Global 100 – a joint initiative from The American Lawyer and Legal Week – shows leading US players gaining a stronger grip on the upper echelons of the profession globally, based on both profitability and fee income. The three largest law firms in revenue terms are either US-based or the result of unions structured through vereins – with Baker & McKenzie, Skadden Arps Slate Meagher & Flom and DLA Piper topping the income rankings.
October 12, 2011 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Profits rankings dominated by US firms but ambitious UK practices beef up global clout via mergers
Rising profits at expansive US law firms and continued weakness in sterling look set to sustain competitive pressure on globally ambitious UK firms for years to come, according to new research.
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