Law Firm Finances and Profitability - Page 2

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

Linklaters grows revenue by 6.6% to £1.9bn as profits edge down

Inflation and geopolitical uncertainty cited as pre-tax profit falls by 2%

Macfarlanes sees revenue, profits fall after stellar 2022

Top London independent’s PEP stays ahead of Magic Circle rivals despite falling almost 20% to £2.1m

Herbert Smith Freehills posts 8% revenue rise to £1.19bn

‘Twin engines’ of transactional and contentious help nudge up PEP by 1% in challenging markets

Clifford Chance pushes revenue past £2bn as PEP holds steady

UK firm matches Magic Circle rival Allen & Overy in meeting revenue landmark as PEP remains at £2m

Pinsent Masons posts 7.8% hike in PEP against 14% rise in revenue

Results sees firm buck trend among UK rivals of revenue growth but flat profits

Allen & Overy’s revenue exceeds £2bn as managing partner resigns for personal reasons

Turnover ahead of proposed Shearman merger grows 7% but PEP falls slightly to £1.82m

Ashurst grows revenue by 10% to £879m but PEP edges down

High inflation and rising costs sees PEP dip 0.4% from 2022’s record high of £1.175m

Knights ups revenue 13% to £142m as acquisitions continue

Listed firm hails “resilient performance against a challenging backdrop” as underlying profit before tax rises nearly a fifth to £21.6m

Baker McKenzie ups London NQ lawyer pay to £118k

Seven percent increase sees Bakers overtake London rivals like Slaughter and May and Macfarlanes but stay behind most of Magic Circle

HFW rings in record results as revenue grows 13% against 17.5% jump in PEP

Profit per equity partner hits £786k as UK-headquartered firm grows revenue in every group and region in first year of new strategy

Eversheds Sutherland’s international arm posts 8% revenue hike as PEP nears £1.3m

Firm hails strong performance despite market volatility as non-US arm grows revenue to £730.9m