Law Firm Finances and Profitability - Page 4
Regulator takes control of Axiom Ince to protect clients’ interests
Solicitors Regulation Authority makes what is expected to be the largest – and most costly – intervention into a law firm
London claimant firm secures landmark $552m financing deal
Pogust Goodhead, which is taking on BHP and Mercedes, secures ‘watershed’ deal with investment manager Gramercy
Arbitration partner exits Kirkland & Ellis in London for disputes boutique
Signature Litigation announces 20% revenue hike as Philipp Kurek joins after 14 years at US giant
Smaller UK firms positive on future despite rising costs and fee pressures, study finds
Almost half of firms say attracting and retaining talent is their biggest challenge this year, according to NatWest survey
DWF increases revenue but profits dive ahead of Inflexion takeover
UK listed firm faced pressure from rising interest costs and higher salaries
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
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
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