Law Firm Finances and Profitability

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

  • 2mos

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

  • 5mos

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 

Slater and Gordon agree £33m funding deal with Harbour

Leading UK claimant law firm secures significant investment for consumer claims

CMS posts 6.2% rise in global revenue fuelled by commercial practice growth

Turnover hit €1.862bn for the 2022 financial year, but firm did not disclose profits

Demand for bankruptcy services lifts US law firm performance in second quarter

Litigation growth also helps offset drop in transactional demand, according to Thomson Reuters

Addleshaw Goddard and Bird & Bird post double-digit revenue growth

Profit at AG rises 18% in FY23 to £184m as Bird & Bird’s grows 8.4%

BLM merger fuels 20% jump in Clyde & Co’s revenue to £788.6m

PEP holds steady at £708k as insurance law giant points to investments and swelling partner ranks

Travers Smith underlines resilience as revenue inches up against flat PEP

Results follow run of partner losses at start of the year to top tier rivals

Freshfields to cease releasing financial data directly to media

Policy announced on day firm posts strong set of results with revenue and PEP both up

Fieldfisher ups turnover to £370m as PEP falls by 11%

PEP dips to £930k as City firm becomes latest to record revenue rise but falling profits