Law Firm Finances and Profitability - Page 2
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
Simmons doubles revenue growth rate to 12% but PEP holds steady
Turnover hits £521m but PEP remains constant at £1m
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
Osborne Clarke posts double digit fall in UK PEP as firm-wide revenue grows 9% to €442m
UK independent points to ‘targeted investments’ as tougher trading conditions and inflation dent UK PEP
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