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"Profit margins are being squeezed at the top 100 firms by pricing pressures, pay rises and a decline in productivity, according to a respected annual bellwether published today. ... David Snell, partner and leader of PwC’s law firms advisory group, said: 'This situation is likely to be exacerbated following the EU referendum vote in favour of Brexit.' ... The report states that the Brexit vote has generated uncertainty around firms’ outlook on performance and headcount needs, with some firms deferring recruitment and/or pay reviews." (Law Society Gazette 24/10/2016).