From merger mania to profit manipulation – the LB100 in 2012 draws on familiar themes from 20 years of law firm financials.
If there’s one thing the last 20 years have taught us at LB, it’s that the legal profession carries on regardless. The UK may have entered into a double-dip recession despite quantitative easing; the US and a number of European countries may have seen their credit ratings downgraded; M&A may have dried up and the global debt markets may be in stasis, but the UK’s top 100 law firms continue to post record growth and trend-busting profits. The industry has again showed its remarkable resilience and stability.
THE GLOBAL 100: Legal Business examines the key financial data from the world’s top 100 law firms.