Post-recession recovery falters as growth dwindles across UK top 100
The UK's top 100 law firms saw revenue growth in 2012-13 fall to less than half of that seen last year, with fee income across the group climbing by just 2.6%, as confirmation of the first formal financial results begins to trickle out from the country's top firms. Deloitte's latest quarterly law firm survey found the UK top 100 concluded 2012-13 with a year-on-year Q4 turnover increase of 2.4% – the slowest quarterly growth since October 2010. The average fee income increase of 2.6% across the group for the full financial year – which compares with growth of 6.6% last year – masks a host of disparities between firms. Notably, those in the top 10 saw revenues climb by only 1.5%, compared with 4% in the 11-25 category and 2% in the 26-50 group.
Herbert Smith Freehills and BLP set to see profits dip as Q4 marks worst quarter since 2010
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