Top UK law firms see 9.8% jump in revenue
Deloitte’s latest legal sector survey has reported that the top 100 firms in the UK showed strong growth in the second quarter, with fee incomes rising by an average of 9.8 per cent, more than doubling the average four per cent increase seen in the first quarter.
The results were not consistent across the group, however. Allen & Overy, Ashurst and Taylor Wessing reported a double digit rise in first-half revenues, while Nabarro’s revenue dropped by four per cent, and Gide Loyrette Nouel’s fell 16 per cent.
“It is pleasing to see strong growth returning to the UK legal sector ... after an extended period of challenging conditions,” said Deloitte’s Jeremy Black. “Whilst firms are relatively positive about the next six months, continued uncertainty in the markets means a degree of caution is needed.”
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