Growth at the U.K.’s largest law firms slowed in the 2018-19 financial year, as market uncertainty affected firms’ ability to improve on the previous year’s bumper results.
Click on table to view large versionCombined revenues across the U.K.’s top 50 firms grew by 9.6% to £24.2 billion. The increase, though achieved against a backdrop of economic uncertainty amid ongoing Brexit discussions, is a clear slowdown compared with 2017-18, when the total combined revenue number grew by 15.4%. It is also the lowest rise since 2015-16.