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Times: Law firms enjoy vintage year despite dip in profits

September 1, 2009 by Charon QC

Law firms enjoy vintage year despite dip in profits

Times: Britain’s biggest law firms suffered a dip in profits for the first time in a decade last year but still enjoyed one of their best years, earning more than £4 billion.

It has left City lawyers with an awkward dilemma: how to explain their embarrassingly high profits to clients who are struggling to survive the recession.

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