Partners in law firms are enjoying a golden age. Driven by an unprecedented and prolonged corporate finance spree, top-end international firms are plugged into a rich source of premium deals. bear this out. According to Legal Week, 15 firms in the UK bill over £100 million in fees, while profits per partner in the so-called ‘magic circle’ firms are edging ever closer to the £1 million mark. At Slaughter and May, still the most profitable City firm, partners reportedly averaged £870,000 in the financial year 1999-2000, while both Allen&Overy and Linklaters were close behind at around £750,000.
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