Top U.K. Firms See Profits Revive as Revenues Slide

Top U.K. Firms See Profits Revive as Revenues Slide
The U.K.’s top law firms have managed a major rebound in profitability this year despite the aftermath of the global recession handing the group its first collective fall in revenues in recent memory. Across the top 50 firms, revenues fell from 12.33 billion pounds in 2009 to 11.87 billion pounds. However, the impact of an unprecedented round of pay freezes, job cuts and partnership …

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