New research from Legal Week highlights the mountain that U.K. firms need to climb in order to compete for talent in a global marketplace, with partner profits at the top 10 U.S. firms growing by roughly 50 percent more than their equivalent U.K. rivals over the last five years.
Data from Legal Week’s UK Top 50 and The American Lawyer’s Global 100 rankings shows that the 10 largest U.K. firms by revenue have increased profit per equity partner (PPP) by an average of 15.7 percent during the last five years, compared with 24.7 percent across the 10 largest U.S. firms.
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