City firms foresee slow growth but Q3 revenues rise 7% at top 100
The UK’s top 100 law firms saw fee income increase by 7.2% year-on-year during the third quarter of 2011-12 according to new research, which shows firms are predicting slower growth for the coming financial year due to the ongoing economic uncertainty in the eurozone. Deloitte’s latest legal sector survey, covering the three-month period ending 31 January, shows that while fee income increased in Q3 this year compared with 2011, the growth is down on last quarter, when the same firms reported an increase in turnover of nearly 10%.
Deloitte research shows mid-tier firms lead on Q3 growth as litigation drives revenues
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