In this video, Legal Week editor Georgina Stanley discusses the Legal Week UK Top 50 financial results with former Clifford Chance managing partner Tony Williams, of consultants Jomati.

Topics covered include:

• the adverse impact of currency fluctuations on the leading international firms;
• the struggle to find regions that are growing strongly – 'there are no hot spots';
• a return to form for the 'squeezed' mid-tier and national firms;
• how well UK firms have performed against their US rivals;
• inflationary pressure on the top firms including rising salary and property bills; and
• why the cost savings drive including the establishment of low cost legal centres still in its infancy

Further coverage of the UK top 50:

• UK top 50 push average PEP to new high as leading firms struggle to achieve top-line growth 
• Magic circle outpaces average Top 50 firm but currency woes hit growth
• Strong success for the mid-tier as UK-wide firms come roaring back 
• Insurance and shipping firms experience mixed fortunes in choppy market

Click here for the full Legal Week UK top 50 table

Click here for a key stats breakdown, including the top firms for PEP, revenue per lawyer and more