The article discusses a reported economic recovery in Great Britain as of July 2014, focusing on the productivity and economic growth rates at various firms in Great Britain's legal services industry. According to the article, law firms such as Clyde & Co., Herbert Smith Freehills, and Pinsent Masons have not attained their pre-recession profit per equity partner (PEP) rates. Financial management performance, revenue per lawyer rates, and investments in billing technology are also examined.
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