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• Age discrimination suit challenges de-equitization of partners

  Mar 13 2012 The issue of how law firms handle older lawyers who wish to keep working is becoming more acute as more lawyers challenge mandatory retirement policies. An age... more

• 2011 a tough year for securities class action lawyers

  Dec 21 2011 2011 will be chalked up as a loss for most securities class action lawyers, who saw fees and expenses drop from $1.4 billion last year to $594 million so far this... more

• Top earner at Linklates takes home £2.2m

  Dec 03 2011 The top earning partner at Linklaters took home £2.2m in the last financial year, according to accounts just published by the firm. According to RollOnFriday the sum... more

• Veteran Skadden partner Peter P. Mullen dies

  Oct 19 2011 Veteran partner Peter P. Mullen of the New York law firm of Skadden, Arps, Slate, Meagher & Flom has died at the age of 83. Mullen joined the firm in 1961, when it... more

• Top London firms streak ahead as mid-tier firms struggle

  Nov 04 2010 An annual survey of the legal services market by PricewaterhouseCoopers has shown a widening gap between London’s biggest law firms and the mid-tier firms.... more

• Revenue down, profits up at Cadwalader

  Jan 21 2010 Cadwalader, Wickersham & Taft reported a 28 percent increase in profits per partner, the firm's first positive results since 2007. Cadwalader's gross revenue... more

• Linklaters partners take home up to £2.5m

  Dec 02 2009 Linklaters' highest-paid partner earned £2.5m in the last financial year, a significant drop compared to the figure of £3.4m received by the highest-paid partner in... more

• Survey: Profits down at US law firms in Q3

  Nov 25 2009 According to a surveyby the Wachovia Legal Specialty Group, New York law firms experienced a 9 percent drop in revenue in the third quarter 2009 and nearly a 5 percent... more

• Scottish law firm Dundas and Wilson reports £9m profit slump

  Jul 23 2009 Dundas and Wilson, one of Scotland's largest law firms, has posted a drop in annual profits of nearly £9m. Profit per equity partner fell from £385,000 in 2007-8 to... more

• Simmons & Simmons PEP drops 20 per cent

  Jul 15 2009 Simmons & Simmons saw average profits per equity partner (PEP) drop by nearly 20 percent after four consecutive years of growth. Turnover increased marginally from... more

• Allen & Overy's profits fall by 9 per cent

  Jul 10 2009 UK law firm Allen & Overy saw partner profits slide 9 percent for the for the year to April 30. However, despite a fall from £1.1 million to £1.0 million (US$1.6... more

• Hammonds PEP falls to £276,000

  Jul 09 2009 Hammonds has posted a dip in turnover of 5% to £125.4m for 2008-09, down from £132m. Profits per equity partner (PEP) fell by 25% to £276,000 from £367,000 in the... more

• Nabarro launches second round of redundancy talks

  Jul 09 2009 UK law firm Nabarro posted a 35 per cent fall of partner profits (PEP) in 2008-09, from £574,000 to £375,000. Nabarro's revenue dropped by 9 per cent to £127m . The... more

• Ashurst says goodbye to the million-pound PEP club

  Jul 09 2009 Ashurst's profit per equity (PEP) dropped 35 per in the 2008-09 financial year from £1.04m to £673,000, reports The Lawyer. Ashurst’s turnover fell by 7 per cent... more

• Taylor Wessing's UK PEP drops by 30%

  Jul 08 2009 Taylor Wessing's UK profits per equity partner (PEP) fell by 30% in 2008-09, down from £613,400 during 2007-08 to £436,000 for the last financial year. more

• Linklaters beats Clifford Chance + Freshfields

  Jul 04 2009 Linklaters announced a rise in revenues for the year ending April to £1.29 billion, which makes it the UK's highest-grossing law firm. Magic Circle rivals Clifford... more

• Freshfields overtakes Clifford Chance with £1.29bn revenues

  Jul 03 2009 Freshfields Bruckhaus Deringer has reported a 9% increase in turnover to of £1.29bn for the 2008/2009 financial year, taking it ahead of Magic Circle rival Clifford... more

• Clifford Chance loses global top spot to Skadden

  Jul 03 2009 As expected, Clifford Chance has lost its position as the world's biggest law firm to US rival Skadden, Arps, Slate, Meagher & Flom. The Magic Circle firm has... more

• Clifford Chance's PEP drops from £1.156m to £733,000

  Jul 01 2009 Clifford Chance saw its profits per equity partner (PEP) slide by 37%, plummeting from £1.156m to £733,000 in the 2008-09 financial year. Revenues were down 5 per cent... more

• UK firm Beachcroft posts 6 per cent rise in revenues

  Jun 26 2009 Beachcroft has announced that revenues were rising 6 per cent to £121m in the financial year 2008-2009, while there was a dip in profits of 2.9 per cent. Average... more

• Howrey associates to earn $100K in new training program

  Jun 23 2009 US law firm Howrey announced a new two-year training program that will offer "meaningful training" for "select" first-year associates. Associates participating in... more

• Worst year for US partner profits since 1991

  May 08 2009 2008 was the worst financial year for the US law firms since 1991. Partner profits and lawyer productivity at America's top 100 law firms was falling for the first... more

• Dewey & LeBoeuf cuts pay of 66 partners by 80 percent

  Mar 15 2009 Dewey & LeBoeuf has cut pay for 66 partners by as much as 80 percent over the past 15 months, reports the Am Law Daily. Lower-tier partners have saw drastic... more

• Kirkland & Ellis posts rising revenue and flat profits in 2008

  Mar 09 2009 Kirkland & Ellis increased its revenue by 7 percent to $1.4 billion in its 2008 fiscal year. Profits per partner (PPP) were flat at $2.47 million. more

• Proskauer partner profits drop by 10%

  Feb 25 2009 Proskauer Rose has posted its financial results for 2008, with profits per equity partner (PEP) falling by 10% to $1.4m, reports the Am Law Daily. more

• Latham & Watkins revenues expected down $400m in 2008

  Feb 06 2009 Latham & Watkins is expected to report a significant revenues fall next Monday by up to $400m in the 2008 financial year, according to several sources. This would... more

• Dorsey & Whitney reports flat 2008 revenue

  Feb 02 2009 Dorsey & Whitney reported flat revenues and a small decrease in profits per partner for 2008. Gross revenues of the Minneapolis-based global law firm were just over... more

• Herbert Smith top fee earner took home £1.4m in 2007-08

  Jan 26 2009 Herbert Smith’s accounts for 2007-08 have revealed that the highest-paid fee earner took home almost £1.4m last year, the firm's topping 2006-07’s highest earnings of... more

• White & Case and WilmerHale increase revenue in 2008

  Jan 22 2009 White & Case and WilmerHale have increased global revenues in the 2008 financial year, despite difficult market conditions. White & Case has reported an increase in... more

• Eversheds' top earner cashes £860,000 in one year

  Jan 08 2009 The average earnings per partner at Eversheds grew by £4,000 to £351,000 in the financial year 2007-2008. The highest-earning partner earned £860,000 in that period,... more

• City law firms post solid financials

  Nov 07 2008 City law firms look set to tough out the gloomy market with Lovells, Norton Rose, Trowers & Hamlins and CMS Cameron McKenna all expecting double-digit revenue growth... more

• Lovells posts 15% growth in first half of 2008

  Nov 06 2008 Lovells has emerged as the stand-out performer as H1 financial results emerge, with the City firm posting a 15% increase on the same period last year. Income has... more

• Ashurst turnover grows by 7.5% to £158m

  Nov 05 2008 Ashurst has posted a 7.5% increase in turnover for the first six months of the financial year, with revenues rising to £158m from £147m in the same period last year,... more

• Norton Rose's fee income up 11 per cent

  Nov 05 2008 Norton Rose has seen double-digit growth in its revenues during the first six months of the financial year, with fee income increasing 11 per cent to £141.5m... more

• Dewey & LeBoeuf puts monthly partner drawings on hold

  Nov 03 2008 Dewey & LeBoeuf has ­suspended monthly partner distributions due to the economic situation, with partners last receiving a payment in August. more

• UK law firms braced for poor results and job cuts

  Nov 03 2008 Of Britain’s leading law firms, only two, Lovells and CMS Cameron McKenna, are projecting double-digit revenue growth for the six months to October 31. Expensive... more

• Salans reports 20 per cent revenue jump

  Oct 14 2008 Salans has boosted its turnover by 20 per cent in the first three quarters of 2008, bringing in Euro 150m. Salans chairman Stephen Finch said the firm’s strong... more

• Baker McKenzie breaks $2bn mark with 20% revenue growth

  Aug 18 2008 Baker McKenzie has posted revenues of $2.19bn, up from last year’s total of $1.82bn. Firmwide profits per partner have also seen double-digit growth from last year,... more

• Magic circle trio break into profits top 10 as City firms move up Global 100

  Jul 11 2008 Figures compiled by Legal Week and The American Lawyer show that three UK firms make it into the global top 10 by PEP — Slaughter and May, Linklaters and Freshfields... more

• Estonian law firms enjoy fat dividends in spite of cooling economy

  Jul 07 2008 Two Estonian lawyers Aare Tark and Aivar Pilv are competing not only for customers, but also in terms of who earns the biggest dividends. A year ago both Pilv and... more

• Hammonds PEP falls by 9% while turnover edges up

  Jul 02 2008 Hammonds has posted a drop in profits per equity partner (PEP) of over 9% to £367,000 for the last financial year, as the national giant becomes the latest firm to... more

• Osborne Clarke and Burges Salmon post double-digit growth

  Jun 25 2008 Southwest duo Osborne Clarke and Burges Salmon have both posted double-digit growth for the most recent financial year, as the regional heavyweights release their... more

• Macfarlanes' figures hit by credit crunch

  Jun 25 2008 Macfarlanes has achieved a modest 6.7 per cent rise in revenue but failed to increase its average profit per equity partner. In the firm's latest financial results,... more

• Taylor Wessing's UK PEP tops £600k

  Jun 19 2008 Taylor Wessing's UK financial results have been finalised and show an increase in average profits per partner (PEP) of around 5 per cent to £614,000. The UK's turnover... more

• Nabarro PEP up 6% to £600k as fees hit £140m

  Jun 13 2008 Nabarro has become the latest firm to unveil its financial results for 2007-08, posting a double-digit increase in revenue while profits per equity per partner (PEP)... more

• Fees up 9%, PEP up 7% at Watson Farley

  Jun 05 2008 Watson Farley & Williams has become the latest City firm to post its financial results for the 2007-08, with the top 50 UK outfit unveiling a 9% increase in revenues.... more

• Freshfields shakes off tough year to break £1bn barrier for first time

  Jun 03 2008 Freshfields Bruckhaus Deringer has broken the billion-pound revenue mark for the first time. One week after its "magic circle" rival Clifford Chance announced a... more

• Addleshaw Goddard increases profits by 11%

  May 31 2008 Profit per equity partner at Addleshaw Goddard has increased to £586,000 after the law firm increased its annual income by 11%. The firm, which has offices in... more

• Taylor Wessing boosts turnover by 11%

  May 30 2008 Taylor Wessing has become the latest firm to post solid financial results, with the top 30 firm’s UK operations seeing an 11% increase in turnover. The firm has yet to... more

• UK firms defy credit crunch with record results

  May 25 2008 RollOnFriday has published a list of the latest law firm results: Firm --- Turnover --- % increase on 06/07 Field Fisher Waterhouse --- £88m --- 30% Norton... more

• International drives Clydes through £150m mark

  May 22 2008 Top 20 UK firm Clyde & Co saw turnover hit a new high of £157m for 2007-08, up from the £135m billed for the previous financial year. Clydes pointed to growth of... more

• City firms celebrate double-digit revenue growth for 2007-08

  May 22 2008 Several law firms have posted robust financial results for 2007-08, with Lovells, SJ Berwin and Eversheds among those announcing double-digit hikes in revenues. The... more

• SJ Berwin PEP growth stalled

  May 16 2008 SJ Berwin has released it year-end financial results, revealing turnover up by 14 per cent from £189m to £215m. However average profit per equity partner (PEP) has... more

• Latham breaks $2bn with record results

  Feb 09 2008 Latham & Watkins has reported record results for the 2007 financial year, becoming the first US firm ever to break the $2bn revenue barrier. Latham posted a 23 per... more

• Women still earn less at US law firms

  Dec 05 2007 The largest law firms in the US are in a bit of a holding pattern when it comes to the advancement of women within the firms, according to the president of the... more