Unlike revenue and PEP, average revenue per lawyer and profit per lawyer did not shoot up in the last financial year, but law firm leaders from the likes of Linklaters, HSF and Eversheds remain confident of good times ahead.
September 10, 2024 at 05:39 AM
7 minute read
Reporter
On the face of it, the U.K.’s 50 largest law firms enjoyed one of their strongest years in recent memory in the last financial year.
Average revenue growth among the 50 firms bounced back to hit 9.7%, after a comparatively flat 2022-23, while average profit per equity partner (PEP) across the firms rose an impressive 12.9%.
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