THE RECENT slowdown in merger and acquisition (M&A) activity is increasingly at risk of impacting the profitability of law firms as the impact of Brexit vote further dents business confidence.
Research from Thomson Reuters Legal found that 24 per cent of finance directors at the UK’s top 100 law firms fear that weakness in M&A work is now a major risk to profitability, up from eight per cent last year.
The survey results reflect a trend seen elsewhere by Thomson Reuters, which earlier reported that global M&A activity was 18 per cent lower in the first quarter of 2016 than in the same period the prior year.
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