Law Firm Finances and Profitability - Page 2
Freshfields axes equity partners following pay overhaul
UK firm lets go of partners and downgrades others’ equity shares in growth push, according to the Financial Times
Bird & Bird reports 4% revenue increase as PEP dips
UK-founded firm cites challenging market conditions as topline hits €702m and PEP drops 1.5% to €819k
Macfarlanes ups NQ salary to £150k, matches Magic Circle
Leading City independent ups NQ salary from £140k alongside pay bumps for trainees that sees it exceed the Magic Circle
Simmons posts 12% revenue jump to £690m as PEP grows 11%
Latest results continue long-term growth trend, with profits increasing 43% in five years
Addleshaw Goddard posts double-digit revenue growth as PEP hits £1.1m
Turnover rises 17% to £644m as firm continues Europe and Middle East expansion
Shoosmiths tops £1m PEP for second consecutive year as turnover inches up
UK firm cites investment in technology and high-value work across corporate, litigation and real estate as turnover exceeds £221m
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