Legal Business 100: The second 50 – Eyes on the prize

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Legal Business 100: The second 50 – Eyes on the prize

As the debate over the future of London as a legal hub in a post-Brexit world rages on, London boutique firms and City practices that occupy the second half of the Legal Business 100 (LB100) have quietly got on with business.

While in 2015/16 this group of firms was arguably the strongest-performing in the LB100, Brexit – and its prevailing effect on the UK real estate market – has proven a stubborn opponent. As such, while collective performance is short of previous years, for the most part these London firms have battled through uncertainty to record stable results. Continue reading “Legal Business 100: The second 50 – Eyes on the prize”

Legal Business 100: The second 50 Regional view – After the bang

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Legal Business 100: The second 50 Regional view – After the bang

The strain of macroeconomic conditions on UK firms is starting to show, as the immediate impact of last year’s Brexit vote meant many firms experienced a slow summer and a dip in confidence that carried on for many until the end of 2016 and even into the new year with the triggering of article 50 in March.

This uncertainty is reflected in some individual and regional results for this year’s Legal Business 100 (LB100). However, overall figures look strong. There are 31 non-City firms in the 51-100 bracket, compared to 19 London firms, with a combined revenue of £1.26bn, up 11% on last year’s £1.14bn. The number of regional firms in the bottom 50 has increased by one: a new entrant comes in the form of Scots insurance litigation firm Digby Brown, which has total revenues of £27.3m, while national firm Thompsons has dropped a few places this year to enter the bottom half of the table.

Continue reading “Legal Business 100: The second 50 Regional view – After the bang”