UK Law Firms Downgrade Growth Forecasts As Fees Stagnate

By Ama Sarfo (March 8, 2013, 6:19 PM EST) -- After experiencing subdued growth in fiscal year 2012, the U.K.'s top law firms have downgraded their forecasts from 5.7 percent growth for 2013 to 3.3 percent, as firms continue to face a "fiercely competitive" market and rate pressure from clients, according to Deloitte LLP....

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