Legal Business

The LB100 debate – All change

David Patient, Travers Smith

In the shadow of Brexit, a general election and an uncertain global economy, we assembled law firm leaders to debate the outlook for the leading UK law firms

Rarely, if ever, has a 12-month period seen such a dramatic change in the prospects, opportunities and risks facing leading law firms. As we assembled a group of law firm leaders at the end of April to mark our annual Legal Business 100 report, the turnaround since last summer in business, legal and political circles is remarkable. The period has been defined by the Brexit vote, sustained political upheaval and the shock US election of Donald Trump, to say nothing of a looming general election and Europe’s largest-ever legal collapse in the shape of King & Wood Mallesons’ local arm in January.