Sterling Results

The Am Law 100 has been published; now it is time for the Brits to show their hands. The fiscal year for most U.K.-based law firms ended on April 30. Their financial results, many of which will 
be announced in the weeks to come, will begin to reveal the true impact of Brexit on the country's legal industry.

While the United Kingdom's shocking decision to leave the European Union led to an initial flurry of advisory work, that short-term fillip was offset by a broader slowdown, particularly in transactional activity. Yet law firms are likely to post gains, primarily because of Brexit-related currency fluctuations.