Law Firm Finances and Profitability
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
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
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
Copyright 2024 © The Global Legal Post. All Rights Reserved