Top 100 UK firms increased profits by 8% in 2012-13
The largest 100 UK law firms made combined profits of £5.8 billion in 2012-13, an 8 per cent increase on last year’s result. comments powered by Disqus
A survey conducted by Legal Business magazine also shows that the top 100 firms billed a total of £19.1 billion last year, and the industry’s top paid equity partners – at London firm Slaughter and May – took home £2.55m each.
“It is interesting to note that it is firms outside the Magic Circle of law firms that are driving the sector’s growth,” said Legal Business national editor Mark McAteer. “Magic Circle firms ... whilst in rude health with combined revenues of £5.3bn, managed growth of just one per cent.”