Company News 

Law versus Covid-19: what’s the verdict?

Law versus Covid-19: what’s the verdict?

Before the Covid-19 crisis hit, the UK legal industry was coming off a bumper year. Data from the Office of National Statistics (ONS) indicates that it generated total revenues of £36.8bn in 2019 – its highest on record. But 2020 is likely to be a different story. Looking at the biggest names – the so-called ‘Magic Circle’ – we have already seen the early signs of pandemic strain. Allen & Overy, for example, saw its pre-tax profit drop by a fifth in the year to 30 April, to £690m, with profit per equity partner nudging down by 2 per cent.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now