U.K. firms lower growth expectations for 2013

After modest gains in 2012, firms estimate 3.3 percent growth this year

Law firms across the pond are lowering their expectations when it comes to the income they’ll see in 2013.

According to Deloitte’s Quarterly Legal Sector Survey, the 100 top U.K. firms have lowered their growth projections for the 2013 fiscal year from 5.7 percent to 3.3 percent. The firms had originally predicted 5.7 percent growth at the onset of the fiscal year. The revised projections come after top U.K. firms saw modest income growth throughout 2012 and a 3.5 percent gain for the third quarter ending Jan. 31 compared to the same period last year.

Ashley Post

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