Deals revival hands bumper profits to top UK law firms

London | A revival in dealmaking has boosted the coffers of the UK’s “magic circle” law firms, with combined profits at three of the largest elite groups reaching £2.8 billion ($5.5 billion) in the past financial year.

A pick-up in mergers and acquisitions this year and the fruits of heavy investment in US expansion enabled equity partners at Clifford Chance, Linklaters and Allen & Overy to pocket about £2 million on average.

Financial Times