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.


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!!


Most Popular

Legal Career Resources

October 19, 2016 Not Everyone Is Fit to Work in a Law Firm

Summary: Law firm work is not meant for everyone no matter what kind of credentials you have, so figure out now if you should be pursuing another career. Read Three Simple Ways to Tell If You Should Work (or Continue […]

read more


To Top