Legal Business

LB100 South – Down South

The situation remains typically sluggish in the South, where firms continue to tread water as far as profits are concerned and struggle for market share in this hugely competitive region.

Yet again, most firms in this peer group suffered flat or declining turnover and many have reported falling equity partner numbers; both signs that, despite unmistakable optimism among lawyers, things are far from pre-crisis levels. Average revenue across the peer group is up just 1% to £29.5m, still down on the £33m average in 2008. Once again, this is the worst-performing peer group in the LB100.