Top 100 UK law firms exceed £5b in profits

Leading law firms in the UK appear to have beat the economic gloom, according to a survey by Legal Business magazine, which reports that the combined profits of the UK's 100 largest law firms have broken the £5 billion mark for the first time. The top 100 firms billed £17.7 billion in the 2011-12 financial year, posting combined profits of £5.4 billion, up 8 per cent on the previous year. Mark McAteer, national editor at Legal Business, said: "Despite the dismal economy of the last four years and the current double-dip recession, our legal industry is in rude health."

Top 100 UK law firms exceed £5b in profits Mon, Sep 3, 2012