Law Firm Finances and Profitability
Live by the lateral, die by the lateral: How Weil was pulled apart by Big Law’s star culture
Scott Gibson examines how the rise of highly paid private capital rainmakers has eroded partnership cohesion at elite law firms, leaving even the most profitable vulnerable to collapse
National US firm Wood Smith Henning & Berman inks private equity deal
Mid-market PE firm Charlesbank Capital Partners invests in insurance defence specialist at $700m valuation according to the Financial Times
UK sports boutique becomes latest law firm to take PE investment
Centrefield, which counts Manchester United and Manchester City among its clients, said it would use the investment from Palatine to fund international expansion
Freshfields partners consider spinning out legaltech unit worth ‘billions’
Senior partners discussed carving out Freshfields Lab and bringing in external investors in email exchange leaked to the Financial Times
Kirkland to halt reporting financial results to media
World's highest-grossing law firm will no longer voluntarily provide annual revenue and profit figures to the legal media
Star partners: Is it really only about the money?
As lateral hiring reaches new heights and guarantees pass $40m, Lexington’s Moray McLaren argues that the real choice facing partnerships is not how much to pay their stars, but what it really means to be a co-owner
UK legal services exports near £11bn as international demand grows
Exports increased more than 60% over the past five years, according to Law Society data
Pinsents’ revenue tops £700m but PEP falls by 7%
UK firm says it has focused on lateral hires, tech and international expansion as revenue climbs 3.3% to £703m
Clyde & Co revenue inches up 2% as profit falls by nearly 10%
Firm cites 'volatile geopolitical and commercial backdrop' as profit drops to £160m
Stephenson Harwood points to disputes volatility as profits fall by 12%
Revenue dips by 2% to £303m as CEO cites timing of success-based fees
Mourant takes private equity investment to fund international expansion, AI investment
Offshore firm sells 27% stake to mid-market PE firm MML to fund international expansion, lateral hires and investment in AI
Macfarlanes’ PEP holds steady as revenue nears £390m
PEP stalls at £3.1m in year top UK independent characterised as ‘transitional’
Osborne Clarke revenue approaches €600m in year of ‘consistent growth’
International revenue hit €593.9m while UK business saw PEP push through £800k for second consecutive year
Withers’ profits jump almost 30% as revenue nears £360m
Private client specialist has added on average one billionaire each week as a new client over the past four years
CMS pushes global revenue close to €2.2bn
Firm highlights corporate practice as biggest contributor as topline grows 4.8%