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Top British Firms Account For Half of the Market Share, Bigger Firms Set to Increase it With Overseas Work

published October 30, 2012

By CEO and Founder - BCG Attorney Search left
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( 1 vote, average: 4 out of 5)
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10/30/12

Top British Firms Account For Half of the Market Share, Bigger Firms Set to Increase it With Overseas Work



The ten largest law firms in Britain account for nearly half of the revenue earned by the top 100 law firms in the country.
The figures are from a press release issued by PricewaterhouseCoopers. It says that the top ten firms earned 44 percent of the total income earned by the top 100 firms. And although 82 percent of the firms surveyed said that they had seen their
British branches increase total revenue, a lot of growth was because of M&A instead of organic growth.

For the bigger firms, international expansion seems to be a high priority, as half of the Top 25 now earn almost 40 percent of their incomes from international operations.

David Snell, partner and leader of the professional partnerships advisory group, PwC has commented:

"Continued focus on cost reduction and innovative delivery is required across all firms to maintain profitability in a highly competitive UK market. At the same time international; expansion into the emerging markets offers an opportunity for revenue growth for firms that have the scale and appetite to compete on a global playing field."

58% of all firms said that they view M&A activities as a major opportunity for growth and the bigger ones are focused on international mergers while the middle-tier firms are focused on teaming up with other British firms.

Alternative Summary

Harrison is the founder of BCG Attorney Search and several companies in the legal employment space that collectively gets thousands of attorneys jobs each year. Harrison’s writings about attorney careers and placement attract millions of reads each year. Harrison is widely considered the most successful recruiter in the United States and personally places multiple attorneys most weeks. His articles on legal search and placement are read by attorneys, law students and others millions of times per year.

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About LawCrossing

LawCrossing has received tens of thousands of attorneys jobs and has been the leading legal job board in the United States for almost two decades. LawCrossing helps attorneys dramatically improve their careers by locating every legal job opening in the market. Unlike other job sites, LawCrossing consolidates every job in the legal market and posts jobs regardless of whether or not an employer is paying. LawCrossing takes your legal career seriously and understands the legal profession. For more information, please visit www.LawCrossing.com.

published October 30, 2012

By CEO and Founder - BCG Attorney Search left
( 1 vote, average: 4 out of 5)
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.

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