Law Firm Finances and Profitability - Page 2
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
Stephenson Harwood posts double-digit bounce in revenue
PEP rises by 6% as chief executive says five-year strategy to build balanced practice is paying off
Top German independent Hengeler Mueller introduces salaried partner tier
Move set to help firm retain emerging talent in face of competition from international rivals
Macfarlanes ups NQ pay to £115k
Seven percent increase sees City firm remain behind most of magic circle following recent rises
Fladgate strikes upbeat note at start of UK financial reporting season with 10% revenue jump
Market 'holds up well' for top 100 UK firm as income hits £74m with PEP expected to reach record high
Keystone grows revenue 8% to £75.3m as profits inch up
Adjusted profit hits £9.1m as virtual firm grows headcount in competitive recruitment market
White & Case revenue edges down to $2.83bn as PEP drops back from record high
New York firm expresses satisfaction with 2022 performance given economic headwinds as PEP declines by 20%
Ince Group calls in administrators
Troubled listed top 50 UK law firm seeks buyer after major creditor withdraws support
Top Spanish firm Cuatrecasas sees revenue grow 4.7% to hit new record
Firm’s revenue rises to €352.66m for the 2022 fiscal year as Latin American and Portuguese business grows
Garrigues sustains growth streak as turnover rises 7% to top €443m
Leading Spanish firm points to involvement in major M&A transactions as its ups revenue by €29m, the most in its history
Hogan Lovells posts 7% fall in revenue to $2.4bn following 'challenging' year
Results set to be bellwether for firms with large international footprints as PEP also falls from record 2021 high
Gibson Dunn revenue tops $2.7bn as PEP grows nearly 11% to hit $4.93m
US powerhouse marks 27th consecutive year of growth in 2022 as turnover and profits both grow more than 10%
Almost half of US lawyers see no rate increases in 2022, Wolters Kluwer report shows
Some 27% of law firm timekeepers saw no increase, while 13% saw average rates go down
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