The UK Top 50 Ranked By Revenue: Turnover Rise Not Enough to Maintain Profit Levels
Overall fee income growth at the UK's top firms outstripped the AmLaw 100 in 2023, but average partner profits fell at the worst rate since the financial crisis.
September 14, 2023 at 07:18 AM
4 minute read
Law Firm ProfitabilityRevenue growth across the U.K.'s largest 50 law firms slowed in the 2022-23 financial year, while partner profits fell at their worst rate since the financial crisis as the industry struggled to absorb rising costs following two bumper years.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.