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November 2010
The global economic downturn brought another turbulent year to the legal sector in 2010, with most firms turning to cost and headcount reductions and restructuring programmes to maintain profits.
Pricing was under pressure and the international legal market in general contracted, so it’s not surprising that fee income fell for most firms during 2010. But does this mean troubled times ahead for law firms?
In PwC’s 19th Annual Law Firms survey, we examine how law firms have fared this year. And examine the outlook for firms facing a rapidly changing regulatory environment, combined with new business models and greater competition.
Invaluable benchmarking
The results of our survey are essential reading for partners and senior staff concerned with the strategic direction, profitability, performance and day-to-day financial management of law firms.
The results include 80% of the top 10 firms, 80% of the top 25 firms, 80% of the top 50 firms and 59% of the top 100 UK law firms. The range of participants and graphs and charts make the survey an invaluable benchmarking tool.
For more information about the survey, or to buy a copy, please contact Samantha Vilé on +44 (0) 20 7212 4306 or by email using this contact form.
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