Despite their smaller size, mid-sized law firms in the south of England have been outperforming larger firms in revenue growth. A new survey conducted by Professional Practices Survey has recorded a 6 per cent increase for mid-size firms and a 3 per cent increase for larger firms in terms of revenue growth in the south of England.

No growth for firms with less than 10 partners

The survey also found that most firms with ten or fewer partners have not recorded any growth at all over the past three years, and their profitability has decreased greatly. Mid-size companies, with 11 to 25 partners, have also improved their profit per equity partner (PEP) by 21 per cent, while PEP for large firms dropped two per cent compared to 2012. Source: Insider News