Law Firm Finances and Profitability
Bird & Bird hits double-digit revenue growth again as profit and PEP move higher
Turnover rose 10.2% to €632m, marginally lower than the 10.8% increase achieved in FY23
TLT posts double-digit revenue increase as UK firm continues national expansion plans
Turnover jumped 12% driven by growing domestic footprint and new partner hires
Clifford Chance posts record global revenue and profit growth amid ongoing US push
Revenue rose 9% to £2.3bn, spurred by soaring turnover in US
Macfarlanes sees jump in profits, revenue after dip in 2023
UK firm also sees improvement in PEP as transactional and litigation practices perform well
Simmons PEP pushes past £1m as turnover grows 10% to £574m
PEP rises 7% to £1,076k after flatlining in FY23
Herbert Smith Freehills rings in record results as revenue hits £1.3bn
PEP jumps 12% to £1.3m after flatlining in FY23
Ashurst sets sights on £1bn turnover as PEP jumps 14% to £1.3m
Strong performance across all regions and industries sees Anglo-Australian firm grow turnover 9% to £961m
Brodies reports 14th consecutive year of revenue growth as PEP dips
Leading Scottish independent hands out firmwide bonus as turnover grows 7.5% to £114.3m, as PEP falls £2k to £846k
Clyde & Co ups revenue 10% as PEP hits £739k
Firm points to growth across sectors and geographies as revenue reaches £845m
A&O grows revenue, profit in pre-merger year
Profit before tax jumps 17.2% to £1.0bn as PEP hits £2.2m ahead of tie-up with Shearman & Sterling
Shoosmiths' revenue passes £200m milestone as PEP jumps 16%
Strong performance across corporate and litigation practices fules 6% turnover trise to £206.7m as PEP hits £781k
Linklaters points to US revenue growth as turnover climbs 10% to hit £2.1bn
Performance comes in landmark year for UK Magic Circle as A&O Shearman merger beds down
Fieldfisher grows revenue 10% as PEP sees modest increase
European firm grows profits per equity partner 4% to £966k in year to end of March following previous year’s 11% decline
HFW revenue passes £250m revenue milestone fuelling 8.8% rise in PEP
UK-headquartered firm grows revenue by 11.4% in second year of new strategy
Osborne Clarke posts double-digit rise in UK PEP as firm-wide revenue grows 19% to €525m
UK independent points to growth in US and ESG and energy practices as it exceeds €500m revenue target one year early
US and UK growth drive 17% increase in Kennedys’ revenue
Turnover at insurance specialist jumps to £384m as fee-earner count climbs by 12%
Stephenson Harwood points to five-year plan as revenue climbs by 16%
Turnover hits record £264.2m as PEP rises 7% to £775K
Browne Jacobson boosts turnover by 12% to record high
Top 50 firm more than doubles revenue in a decade as turnover in year to 30 April 2024 rises to £118m
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
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