JD Journal

The top 100 UK firms by revenue dropped saw profits decline by an average of 30% last year, according to a new report out from PricewaterhouseCoopers. The largest decline in income came in the second tier of firms, those listed at #11-25, where partner per partner profits were down by 28%. Firms in the “magic circle”, the top ten, had per partner profits ranging from 850,000 to 1.4 million pounds, which was still a 21% drop from last year.

Related posts:

1. Linklaters’ Top-Paid Lawyer Earned “Satisfactory” £3.4 Million in 2008
2. Allen & Overy Reports Revenue Up, Profits Down
3. Quinn Emanuel Reports Decline in Revenue & PPP in 2009
4. Rumor: Shearman & Sterling Laying Off Support Staff
5. Update: Allen & Overy to Cut 450 Jobs
6. Report: Legal Industry Woes Good for Small Firms