The U.K. law firm reporting season is now well underway. The story so far has been one of unlikely financial gains, with challenging Brexit-related market conditions masked by the effects of a significantly weakened British pound.
The numbers of the more international U.K.-based firms in particular have been heavily skewed, with foreign revenue artificially boosted as it is converted into sterling for consolidated accounts. Some firms have seen their revenue inflated by as much as 10 percentage points on that basis alone.
