2018 global performance has been generally positive with Top 10 average fee income growing by 5% to an average of £980m. Profit growth is also impressive, in particular for Top 11-25 firms at 13%.
Growth in global fee income for Top 10 firms was driven by international offices with Western Europe and China contributing strongly. Profitability of the international network remains challenging however, and for the most part, margins continue to lag behind the UK.
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