Wragges sees dip in first-half turnover

The firm estimates that turnover will be around £47.5m, which is a three per cent drop on the £49m it made during the first six months of 2008-09.

Senior partner Quentin Poole (pictured) said: “The second six months of the last financial year got gradually worse and the first six months of this financial year got gradually better. If the trend continues we will match last year on total turnover.”

He added that corporate, projects and real estate have started to pick up, but that litigation “has not boomed at all”.

“We have a strong order book in corporate and projects is very busy but litigation has not boomed at all as corporates have become more risk-averse. There’s been a lot of hold back in fighting the recession.”

Meanwhile, Watson Farley & Williams has grown by an estimated 15 per cent during the same period. The firm brought in £34m for the first six months of this year compared with £29.5m for the same period last year.