Home

British Firms See Uptick in Quarterly Revenue
Download PDF

united kingdomQuarterly revenue at Britain’s 100 biggest law firms increased by an average of 5 percent for the three-month period that ended July 31.

A report by Bloomberg attributed the “modest” increase to higher rates and more billable hours last quarter. The figures were compiled by accounting firm Deloitte LLP.

Among the U.K’s 10 biggest firms, the average revenue increase was slightly lower at 3.7 percent.

  
What
Where


The news is still encouraging, however, given London’s largest firms suffered revenue declines of as much as 11 percent during the last fiscal year.

Deloitte partner Jeremy Black reflected the cautious optimism when commenting on the numbers.

“The growth has surprised a few, as people tend to forget the hard times pretty quickly,” Black said. “However, there are still a lot of nerves out there. The recovery is difficult to predict.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




 

SEARCH IN ARCHIVE

Most Popular

Legal Career Resources

June 21, 2016 Why the Law Firm Associate Salary Increase Is a Bad Thing

Summary: With the happiness of a bigger paycheck come repercussions for many of the law firms that can’t afford to keep up with the top law firms. Read the Top 10 Reasons Why High Junior Associate Salaries Are Destroying the […]

read more
To Top