Law Firm Finances and Profitability

Quinn Emanuel ups London NQ pay to £180k

Litigation heavyweight matches Gibson Dunn’s market-topping NQ rate as it ups associate salaries across the board

Norton Rose Fulbright grows revenue 8.3% to $2.26bn

PEP soars by 32.7% as equity partner ranks shrink by more than 100 lawyers

Sidley sees UK revenue climb to $209.7m as global turnover tops $3bn in 2023

UK practice accounts for almost 15% of global revenue as sports and restructuring deals grow

Gibson Dunn revenue tops $3bn as PEP grows nearly 13.4%

Profit per equity partner at New York giant hits $5.58m in 2023 in 27th consecutive year of profit growth

Kirkland’s revenue tops $7bn as PEP nears $8m

Chicago giant becomes first law firm to smash turnover milestone as PEP grows 6%

Cooley pushes revenue to $2.03bn as lawyer ranks decrease

Tech-focused firm sees PEP grow 8.2% following almost 20% decline in 2022

White & Case revenue nears $3bn as PEP jumps 12.7%

Top 10 US firm reverses 2022’s revenue and profit falls despite subdued global M&A market

Greenberg Traurig sets revenue record for 10th straight year as turnover hits $2.3bn

US firm grows revenue 6% and promotes 38 to shareholder, with women making up just over a third of the cohort

Garrigues maintains growth streak as revenue tops €450m

Leading Spanish firm says 2.5% turnover growth sees it become first EU law firm to break €450m revenue barrier

Hogan Lovells rings in record results as turnover hits $2.68bn

PEP jumps 20% to $2.74m as transatlantic firm marks return to growth after revenue and profit dips in FY22

Mason Hayes & Curran grows revenue 7% to €114m

Strong demand across all core industry sectors sees Dublin stalwart’s turnover top €100m for second consecutive year

Quinn Emanuel’s London arm posts 47% increase in revenue

‘Material’ one-off success fee drives eye-catching results as profit soars 60%

UK legal services sector sees revenue climb in 2022 but pace of growth halves

Growth slows to 5.6% from 12.5% in 2021, according to TheCityUK’s annual UK legal services report

The bonus balance: navigating global compensation in Big Law

Associates want a global, consistent approach to bonuses and pay, writes Major Lindsey & Africa’s Nathan Peart

  • 6mos

Baker McKenzie reports flat revenue of $3.3bn as profits hold steady

Net income hovers at $1.2bn for second year running following 2021’s record 37% rise

Regulator takes control of Axiom Ince to protect clients’ interests

Solicitors Regulation Authority makes what is expected to be the largest – and most costly – intervention into a law firm

London claimant firm secures landmark $552m financing deal

Pogust Goodhead, which is taking on BHP and Mercedes, secures ‘watershed’ deal with investment manager Gramercy 

Arbitration partner exits Kirkland & Ellis in London for disputes boutique

Signature Litigation announces 20% revenue hike as Philipp Kurek joins after 14 years at US giant

  • 8mos

Smaller UK firms positive on future despite rising costs and fee pressures, study finds

Almost half of firms say attracting and retaining talent is their biggest challenge this year, according to NatWest survey

DWF increases revenue but profits dive ahead of Inflexion takeover

UK listed firm faced pressure from rising interest costs and higher salaries