U.K. Law Firms Face Their 'Greatest Turmoil'
It is hard to know just what the take-away should be from the PricewaterhouseCoopers 2009 survey of U.K. law firms. For the Times Online, the headline from the survey is that the economic downturn has not kept London's leading law firms from producing hundreds of millionaires among their partners. For Bloomberg.com, the headline is that profit at the U.K.'s 100 highest-grossing firms fell an average of 30 percent. For the Birmingham Post, the headline is that lawyers in that city are likely to face a continuing period of job losses and potential mergers.
Whatever you take away from reading this survey, you are unlikely to quibble with the conclusion of PWC partner Alistair Rose, who said, "This year has seen the greatest turmoil in the law firm sector since our survey began in 1991." But amidst that turmoil, the survey makes clear, there were winners as well as losers.
The winners were... [MORE]
Sphere: Related ContentPosted by Robert J. Ambrogi on November 12, 2009
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