As the number of firms announcing redundancy consultations this week continued to rise – with news of widespread cuts at Berwin Leighton Paisner – new research from Legal Week has found a surprising degree of business confidence among partners in UK law firms. Results of the latest Big Question survey how that more than 90% of partners expect to see revenues climb at their own firm over the next 12 months, with more than 80% expecting the same to be true across the UK's 50 largest law firms by revenue as a whole. The research found more than half of respondents (53%) expect to see revenue at their own firm climb by more than 5% over the coming year, with a further 41% predicting more modest increases of between 0% and 5%. Meanwhile, only 6% of partners expect to see their firm's revenues fall.
May 16, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Despite slump, more than 90% expect firmwide revenues to rise over next 12 months. Anna Reynolds reports
As the number of firms announcing redundancy consultations this week continued to rise – with news of widespread cuts at Berwin Leighton Paisner – new research from Legal Week has found a surprising degree of business confidence among partners in UK law firms.
Presented by BigVoodoo
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
Women, Influence & Power in Law Awards honors women lawyers who have made a remarkable difference in the legal profession.
Philadelphia Plaintiff litigation firm seeks an associate attorney with at least 2 years' experience to join our team handling personal inju...
Position OverviewThe United States Judicial Panel on Multidistrict Litigation is accepting applications for the full-time, permanent positio...
A prominent AV-rated Education Law firm seeks an associate with 5+ years experience. The role will primarily involve advice and counsel in ...
