As we approach December, the usual burst of end-of-year corporate activity has not disappointed. However, this close to 2024, we are witnessing a slight departure from the norm that could signal shifts in the broader economy and consequently, the nature of work for major law firms.
The year 2023 has been largely challenging to deal markets, with climbing interest rates and escalated inflation pushing funds to delve into growth sectors rarely scrutinized in prior years.
Key players in the market seem to be setting their sights on the realms of private credit, infrastructure, and energy, which is also influencing the trajectory of the biggest law firms. With changes in the market leading to dents in respective sectors, a modicum of stability seems to be returning to the UK law firms despite the impending recession and the progressively challenging task of holding onto client data.
To get a complete picture of this forecast, read the full details of the analysis on Law.com.