Law Firms

97% of top UK law firms outperformed profit expectations, PwC reveals

The majority of UK law firms ‘reacted swiftly’ to the operational and market changes during a period of continued lockdowns to record ‘strong positive financial results’

97% of the top 100 UK law firms have outperformed their revenue and profit expectations in 2021, revealed PwC’s 2021 Law Firms Survey.

Despite four in five of the top 100 firms predicting falls in fee income for FY21 in last year’s report, PwC’s analysis shows that the top 10 and 26-50 bands have posted a boost in profit of 23% and 21% respectively.

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