U.K. Firms Outpace U.S. Rivals
Posted Jul 20, 2007 7:22 AM CST
By Debra Cassens Weiss
The United Kingdom’s top 50 law firms are outpacing their U.S. rivals in revenue growth.
Legal Week reports that fees of the top 50 U.K. law firms grew by 14 percent in 2006-07 while revenue grew only 12 percent for top U.S. law firms.
"The U.S. firms are quite surprised," Linklaters managing partner Tony Angel told the legal newspaper. "When we and other global firms began investing in building networks there was a real sense that scale was incompatible with top-notch work, but the fact that all the firms have done so well shows you can do well and stay focused."