The UK Top 50 Ranked By Revenue: Turnover Rise Not Enough to Maintain Profit Levels
Overall fee income growth at the UK's top firms outstripped the AmLaw 100 in 2023, but average partner profits fell at the worst rate since the financial crisis.
September 14, 2023 at 07:18 AM
4 minute read
Law Firm ProfitabilityRevenue growth across the U.K.'s largest 50 law firms slowed in the 2022-23 financial year, while partner profits fell at their worst rate since the financial crisis as the industry struggled to absorb rising costs following two bumper years.
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