More mid-tier mergers predicted as top 100 growth stays low
The UK's largest 100 law firms have seen average year-on-year fee income growth of 3.5% during the third quarter of 2012-13, with mid-tier firms in particular continuing to struggle to grow revenues. Figures from Deloitte's quarterly law firm survey show that revenue across the top 100 rose year on year by 3.5% in the three months to 31 January. This comes after the equivalent Q2 figure of 3.4% marked the slowest rate of growth for seven quarters. Drivers for the modest upturn included a 1.8% rise in fee earner headcount and a 1.9% increase in average fees per fee earner.
Firms scale back hopes for growth as top 100 Q3 results disappoint
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