Law Firm Finances and Profitability
Ashurst revenue rises 11% to £1.15bn ahead of Perkins Coie merger
Anglo-Australian firm underlines ‘strong financial foundation’ as it prepares to merge with West Coast US firm
Private equity and UK legal: the regional squeeze – scale without substance
Adil Taha of advisory firm Taha & Co provides a data-backed view of the investment challenges for private equity firms in the UK’s regional legal market
Kennedys tops £450m revenue as North America and APAC fuel growth
Insurance heavyweight ups revenue 9.1% as it eyes becoming a billion-dollar law firm by 2030
Quinn Emanuel stays ‘top of market’ with London associate pay hike
Litigation heavyweight hands out 5% salary increase to all London associates having matched Milbank’s new pay grades for its junior US lawyers earlier this week
Mishcon rolls out extra bonus for top-performing associates
City firm introduces bonus boost with star performers able to earn up to 30% more than their base salary
Milbank bumps associate salaries, signals new law firm pay race
McDermott Will & Schulte becomes first to match new pay scale, which hits $455k for eighth year associates
UK legal sector posts fastest growth in more than 15 years, Law Society survey finds
Median practice fee income increases 11.2% in 2025, outpacing the 6.1% rise achieved in 2024
Fladgate breaks £100m revenue barrier for first time as turnover doubles in five years
Firm also announces four partner-promotions round and senior tax partner hire from DLA Piper
Top Spanish firm Cuatrecasas sees revenue inch up 2.7% to €447m
Revenue growth slows in 2025 after double-digit increases in previous two years
Reed Smith turnover approaches $1.6bn as PEP tops $2m
Solid performance across private equity, finance and litigation help drive record results for Pittsburgh-based firm
Pérez-Llorca posts 28% increase in ‘pro forma’ revenue to hit €211.3m
Spanish firm’s domestic income climbs 17% as Colombian merger buoys global revenue
White & Case revenue hits $3.6bn as PEP jumps 10%
Firm points to strength of global network as profit per equity partner hits $4.4m, aims to reach $5bn revenue by 2028
Kirkland’s revenue jumps 20% to top $10bn
PEP at Chicago-based giant also climbs 20% to reach $11.1m
Cooley’s turnover rises 10% as it approaches $2.4bn
London’s revenue contribution jumps 17% to $110.3m following an 8% decline in 2024
Hogan Lovells rings in record results as turnover tops $3bn
Merger-bound transatlantic firm cites balanced growth across practices as PEP hits $3.5m