Overall, total revenue for the LB100 is down one per cent and headcount is down two per cent. But firms ranked 26th to 50th buck this trend and have seen revenues rise by an average of six per cent. Among the top 25, the average turnover was down two per cent. This is in part because the largest firms have the most exposure to international markets and currency fluctuations.
Mergers
Bryan Hughes, chief executive of Eversheds, commented on the overall results of the LB100: 'There is no clear market trend because when you see lots of mergers and consolidation it is hard to see what is organic and what is just aggregation.' Source: Legal Business
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