Highest-Grossing U.K. Law Firms’ Profit Stagnates as Deals Fall
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Four of the highest-grossing U.K. law firms will probably say their annual revenue has stagnated as they deal with a legal market where one lawyer said there isn’t “a lot going on.”
Clifford Chance LLP, Linklaters LLP, Allen & Overy LLP and Freshfields Bruckhaus Deringer LLP -- four of the five London-based firms known as the Magic Circle -- will report as soon as this week that revenue has grown only slightly since the prior year, two law firm advisers said. With revenue of more than 1 billion pounds ($1.5 billion), they are four of the largest in the world.