Sign up for our free daily newsletter
YOUR PRIVACY - PLEASE READ CAREFULLY DATA PROTECTION STATEMENT
Below we explain how we will communicate with you. We set out how we use your data in our Privacy Policy.
Global City Media, and its associated brands will use the lawful basis of legitimate interests to use
the
contact details you have supplied to contact you regarding our publications, events, training,
reader
research, and other relevant information. We will always give you the option to opt out of our
marketing.
By clicking submit, you confirm that you understand and accept the Terms & Conditions and Privacy Policy
The UK’s top ten law firms have increased their market share with overseas work, according to a report released by consultancy firm Pricewaterhouse Coopers.According to the research, international growth will continue, with half of the top ten firms expected to acquire overseas law firms in the next three years.
The report says that Indonesia, Korea, Africa and South America are the areas expected to provide the most return for these firms which are already seeing around 40 per cent of their revenue coming from overseas.
Meanwhile the research pointed out that partner profits have suffered with an overall 22 per cent drop since 2008 to £2.5 million if inflation is excluded but reported that 2012 had seen a moderate growth in international revenue and profits with firms increasing fees and tightly managing fee earner headcount.
Email your news and story ideas to: [email protected]