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.
June 06, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Herbert Smith Freehills and BLP set to see profits dip as Q4 marks worst quarter since 2010
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.
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