Evelyn Partners said that firms are grappling with 'increasing people costs, high energy prices and the need to invest in information technology, especially cyber security'.
May 30, 2024 at 06:15 AM
2 minute read
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The original version of this story was published on Law.com International
A new analysis of the U.K.’s top 50 firms has shown that cash reserves have shrunk by an average of 20%.
The research by Evelyn Partners in collaboration with Law.com International involved a close analysis of the latest set of filed accounts for the top 50 U.K. law firms for the year 2022-23 . It further showed that aggregate revenue across the top 50 was just under £24 billion, up 8.5% on the previous year.
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