A study in the legal services market by accountancy firm PricewaterhouseCoopers has revealed that the top law firms are increasing their dominance in the UK law market. The Law Survey 2012 shows that the top 100 firms now account for almost 50% of total UK law revenue.
The news is even better for the top 10 firms, who are posting significantly better results than all their rivals, and account for 44% of all legal fees billed.
PwC believe that the difference between the top firms and all their rivals lies in their ability to charge premium hourly rates, to bill more hours than their competitors and to keep a tight control on the number of fee earners they recruit.
