Thursday, 29 September 2011 by John Hyde Fee income in the UK top 100 law firms, which increased by 4% in the first quarter over the same period in the year 2010, according to figures from Deloitte.
But the business advisory firm warned that the figures mask, the continued weakness in the British market and strong variations in the performance of different companies.
The company Q1 legal sector survey shows that one-sixth of the company July enjoyed a sales growth of more than 12% in the three months to 31, but a similar proportion of 4% or more suffered a decline.
Grow business with international presence tends to be higher on the back of more lively markets overseas.
Higher revenues were generated by a combination of increased productivity and fee earner workforce, which rose by 3.1% and 2.8% or.
Jeremy black, partner in Deloitte professional services group, said: "the increase in the fee revenues are up but mask should not the fact that conditions are generally difficult."
' Litigation has quite good but low M & A-activity means that companies remain lackluster sales.
"It is a general feeling of nervousness about the Outlook for the coming months domestic demand, which are expected to be weak and continue to pressure on prices."
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