It is the time of the year again when UK firms announce their 2012/13 financial results. It has been a varied year with Addleshaw Goddard posting a fall in revenues by 2 per cent to £167m, Bird & Bird reporting an income hike of 6 per cent to £249m and Olswang also pushing up revenues by 3 per cent to £111.3m.
In Asia, however, growth is booming by comparison.
As The Lawyer revealed today, Korea’s six top law firms together recorded a total revenue of collective revenue of £657m, representing a 20 per cent jump from last year’s results.
With so many new entrants in the market can domestic Korean firms achieve a repeat performance for 2013/14? We’ll be in on hand to keep you updated.
Meanwhile, later this month The Lawyer will publish the inaugural edition of The Lawyer Asia Pacific 100, an in-depth analysis of the top Korean firms and other leading independents and international players in the Asia Pacific region. It is not to be missed!