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• Australian firm Freehills reportedly in merger talks with UK firm Herbert Smith

  Yesterday RollonFriday reports on rumours that Australian firm Freehills and UK firm Herbert Smith are preparing to put the question of a merger to their respective partnerships... more

• Speculation on spring bonuses after S&C's 'anaemic' award

  May 01 2012 Speculation about the timing and amount of spring bonuses continues, after Sullivan & Cromwell’s announced relatively small bonus awards of between $1000 and $5000, or... more

• Quinn Emanuel leads the pack on spring bonuses

  Apr 27 2012 Quinn Emmanuel has become one of the first large law firms to announce the award of spring bonuses, and though the figures have not yet been released, a firm memo from... more

• Kennedys' accounts show rapid expansion in 2010-11

  Apr 16 2012 UK firm Kennedys has increased its equity partnership by 30 per cent in 2010-11, from 50 to 65 partners. In the same period, 42 fee earners were added to the firm’s... more

• US firms boost China presence

  Apr 12 2012 International law firms have significantly increased their presence in China over the past year, with the top 250 US firms bumping their headcount in China by 10 per... more

• Paul Hastings' revenue dips as firm targets more network expansion

  Mar 06 2012 Paul Hastings has posted a 2 per cent drop in revenue from the previous year’s figures, taking $884 million, down from $902 million in 2010. Revenue per lawyer was... more

• Two lawyers go after Westlaw and LexisNexis for copyright infringment

  Feb 27 2012 Two US lawyers are suing Westlaw and LexisNexis, with the audacious claim that the legal database providers have breached copyright by copying publicly filed briefs,... more

• Profit at SNR Denton drops from £37.9m to £22.5m

  Feb 08 2012 The profit pool at SNR Denton dropped from £37.9 million to £22.5 million in 2010-11. Turnover in the same period fell from £166.1 million to £152.5 million. The firm... more

• Scottish firms still struggling in a difficult market

  Jan 15 2012 A new report from management consultants PwC has observed that Scottish Law firms are still struggling under difficult market conditions and regulatory changes, with... more

• US firm Reed Smith boost London structured finance practice with BLP hire

  Dec 29 2011 US firm Reed Smith has boosted its structured finance practice in London, with the hire of UK firm Berwin Leighton Paisner's structured finance chief Tamara Box.... more

• Bird & Bird increases turnover and headcount

  Dec 21 2011 Bird & Bird has increased its fee-earner headcount by three per cent this year, from 654 to 673. The growth represents one of only a few cases of firms adding to... 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

• Hogan Lovells moves toward merit-based system across the board

  Dec 03 2011 Transatlantic firm Hogan Lovells is preparing for a full review of partner compensation as it moves toward integrating the pay structures of the merged firms Lovells... more

• Eversheds sees revenue increase by 6.7% for first half of the year

  Nov 14 2011 Eversheds has saw revenue increase by 6.7 per cent in the first half of the 2011-12 financial year, with turnover increasing to £184.2m over the six month period,... more

• Scottish law firms hover above minimum wage for trainees

  Sep 14 2011 An interesting article here about the pay in Scottish law firms. According to the article, leading corporate firm Dickson Minto is the most profitable firm in... more

• Herbert Smith's corporate partners face heat over revenues

  Sep 08 2011 The corporate department at Herbert Smith may face layoffs after its budget target by £20m last year. Some reports suggest the firm is preparing to axe 15 to 20... more

• Newcastle firm Watson Burton announces redundancies

  Jul 26 2011 Newcastle-based firm Watson Burton has announced further redundancies – with four jobs set to be eliminated. Last year the firm reported poor financial results... more

• Herbert Smith reports growth in revenues and PEP

  Jul 07 2011 Herbert Smith has reported a 3.4% increase in revenue in the 2010-11 financial year, from £449.9m to £465m. Profits per equity partner also rose by a significant... more

• Top 100 US firms streak ahead; second 100 post modest gains

  Jun 01 2011 The top 100 US firms by revenue seem to have recovered after a disastrous 2009, posting strong results in 2010: a 4 per cent increase in gross revenue, a 4.4 per cent... more

• Berwin Leighton Paisner reports 56% jump in profits

  May 30 2011 Berwin Leighton Paisner has reported a 56 per cent jump in profits per equity partner, up from £455,000 to £712,000, in the last financial year. The firm increased... more

• UK firm Bevan Brittan sees 9% drop in revenue, 7% increase in PEP

  May 16 2011 Bristol firm Bevan Brittan has seen its revenue drop by 9 per cent from £37.7m to £34.3m in the last year, while firm profits increased to 23.5%, giving the firm net... more

• Wragges reports 16% rise in turnover

  May 11 2011 Wragge & Co has reported 16 per cent rise in turnover for the 2010-11 financial year, growing from £96.2m to £112m. The strong result follows a tough year in 2009-10,... more

• US firms push profits by reducing headcounts

  May 02 2011 Profits per partner rose by 8.4 percent last year, after a flat 2009 and a 4.3 per cent drop in 2008. But while this growth in profits can be partially explained by... more

• UK firm Reynolds Porter Chamberlain shames unprofitable lawyers

  Apr 25 2011 London firm Reynolds Porter Chamberlain has introduced a new system for distinguishing between lawyers on the basis of how much they are billing. Each associate’s... more

• UK top 50 firms expected to report flat revenues and profits

  Apr 14 2011 The top 50 firms in the UK are predicted to report flat revenues and profits in the 2010/11 financial year, according to Jomati consultant Tony Williams and... more

• Gibson Dunn & Crutcher on the spring bonus bandwagon

  Apr 06 2011 Gibson Dunn & Crutcher has taken the decision to grant spring bonuses to associates, matching the market with payments equal to those awarded by Cravath Swaine &... more

• Boies Schiller posts 3% revenue boost

  Mar 22 2011 Despite increasing its gross revenue by three per cent to $305 million in 2010, litigation firm Boies, Schiller & Flexner saw profits per partner fall by 11 per cent... more

• Latham & Watkins hires three Kirkland partners in Chicago

  Mar 02 2011 Latham & Watkins’s Chicago office has hired three partners from Kirkland & Ellis. Real Estate partners Robert Buday, Nathaniel Marrs and Gary Axelrod made the move... more

• King & Spalding increases revenue and profits

  Feb 14 2011 King & Spalding increased revenue by 6 per cent to $718.2 million in 2010, while profit per equity partner jumped almost 18 per cent from $1.47 million in 2009 to... more

• 78% drop in profits for UK firm Clarke Wilmott

  Feb 14 2011 Clarke Wilmott has published accounts showing a drop in operating profit in 2009/10 of 78 per cent - from £13.3m to just £2.9m. The figure is inflated by the fact... more

• Covington reports flat revenue and 3.8% drop in profits

  Feb 10 2011 Covington & Burling has reported gross revenue of $582.5 million in 2010, a decrease of less than 1 per cent from the $583 million in takings from the precious year.... more

• Reed Smith and Thompson & Knight break off merger talks

  Jan 07 2011 Merger talks between Reed Smith and Thompson & Knight have been called off, after months of negotiation and due diligence failed to produce agreement. "We are very... more

• The future of BigLaw

  Dec 24 2010 Law firm managers may be feeling a sense of relief as the legal services market shows signs of recovery. But the changes wrought upon the industry are significant and... more

• Debevoise hires former NY state insurance superintendent

  Dec 07 2010 Debevoise & Plimpton has hired former New York State insurance superintendent Eric R. Dinallo, who joins the firm’s partnership fresh from a run for New York attorney... more

• BigLaw bonuses won't make you happy

  Nov 30 2010 This article points out that the big law model requires a high level of attrition, and maximum profit is achieved if a good number of associates leave after three or... more

• Linklaters to give German partners the same remuneration as EU partners

  Nov 16 2010 Linklaters has announced that it plans to move its German partners to the same remuneration package as their UK counterparts after next year’s pay review. The move is... more

• Survey reports on the salaries of Washington lawyers

  Nov 11 2010 The Washingtonian magazine has released a salary survey issue, reporting on the salaries of all manner of professionals in the US capital, and including a section on... 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

• Simmons & Simmons posts double figure drop in revenue, PEP

  Aug 04 2010 Simmons & Simmons has posted an 11.3% drop in profits per equity partner for the 2009-10 financial year. Equity partners took home an average of £461,000, down almost... more

• Maclay Murray & Spens posts 5.4% drop in revenue while PEP soars by 20.5%

  Jul 19 2010 Scottish firm Maclay Murray & Spens has followed the trend in posting a drop in revenues over a rise in profits per equity partner in the 2009-10 financial year.... more

• Bird & Bird takes out prize as fastest growing UK law firm

  Jul 15 2010 Bird & Bird is the fastest-growing UK top 50 law firm, according to the reported figures over the past five years. Revenues have rocketed upwards despite a tough... more

• Lovells posts 13% jump in PEPs and marginal increase in revenue

  Jul 15 2010 Lovells, the legacy firm operating outside the Hogan Lovells merged entity, has posted a 13 per cent jump in average profit per equity partner which rose from... more

• Shoosmiths posts 70% jump in PEP over 9% fall in revenue

  Jul 15 2010 Shoosmiths has posted a 70 per cent jump in average profits per equity partner for the 2009-10 financial year, with equity partners taking home an average of £256,000,... more

• DLA Piper posts 18% drop in PEP

  Jul 14 2010 DLA Piper has posted a one per cent drop in revenue in the 2009-10 financial year, while profits per equity partner fell by 18 per cent, from £645,000 to £527,000.... more

• Travers Smith posts 50% increase in PEP

  Jul 09 2010 Travers Smith has increased profits per equity partner by 50 per cent, from £470,000 to £705,000, in the 2009-10 financial year. The firm also posted an 11.6 per... more

• Bird & Bird reports 10% increase in revenue

  Jul 08 2010 Bird & Bird has reported a double-digit increase in turnover for the 2009-10 financial year, profits per equity partner dipped slightly. The firm’s revenue... more

• Freshfields posts 11% drop in revenue

  Jul 08 2010 Freshfields Bruckhaus Deringer has posted an 11 per cent drop in revenue for the 2009-10 financial year, bringing in £1.14 billion. The average profit per equity... more

• Allen & Overy launches in Indonesia

  Jul 05 2010 Allen & Overy has launched an office in Indonesia in association with the single partner firm Daniel Ginting Law Firm. The office in Jakarta will be initially be run... more

• Linklaters cites depressed M&A market for 8.8% drop in revenue

  Jul 05 2010 Linklaters has reported an 8.8 per cent decline in revenue for the 2009-10 financial year. The top UK firm attributes the decline to the stalling the global mergers... more

• Herbert Smith posts modest rise in revenues and PEP

  Jun 29 2010 Herbert Smith has posted figures from the 2009-10 financial year, which show that the firm’s fortunes have stabilized. After 2008-09 saw profit per equity partner drop... 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

• Hogan & Hartson posts rising revenues

  Feb 26 2009 Washington, D.C.-based firm Hogan & Hartson posted gross revenues of $922.5m for the 2008 financial year, a 4.8 per cent rise on the previous year, reports The Lawyer.... more

• Eversheds suspends payments to equity partners

  Nov 02 2008 Top partners at Eversheds, the UK’s eighth biggest law firm by turnover, have been told that they will not receive their regular share of the firm’s profits for the... more

• Simmons' PEP surges 22% to near £650k

  Jun 27 2008 Simmons & Simmons has boosted its profits per equity partner (PEP) by more than £100,000 over the last financial year, with the top 10 City outfit this year posting... 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

• Eversheds on course for growth targets

  May 26 2008 Eversheds is on course to achieve the strategic objectives it set itself two years ago. The law firm, which celebrated its centenary last year, has announced financial... more

• CMS Cameron McKenna PEP up 30 per cent

  May 23 2008 CMS Cameron McKenna’s average profit per equity partner (PEP) has rocketed by 30 per cent, to £650,000 from £502,000 a year ago. The firm also revealed turnover of... 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

• Lovells revenues up 13 per cent

  May 16 2008 Lovells has posted a robust financial performance during the 2007-08 period with revenues rising by 13 per cent and average profit per equity partner (PEP) up by 10.5... more

• Eversheds with ten per cent growth in revenue

  May 16 2008 Eversheds has delivered a ten per cent growth in annual revenue which now stands at £390m. Profit per equity Partner (PEP) growth also grows in line with revenue... more

• Mayer Brown accounts reveal European profits dip

  Mar 07 2008 Operating profits in Mayer Brown’s London and Brussels offices fell by £3.3m during 2007 to stand at £37.7m, despite an £8.9m increase in fee income to £103.5m.... more

• Dechert Gives 13 Associates Layoff Notices

  Mar 01 2008 The slowing economy has hit home at Dechert, which has just issued layoff notices to 13 associates strictly in its finance and real estate practice, according to a... 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

• Cadwalader first US firm to post fall in PEP

  Feb 06 2008 Cadwalader Wickersham & Taft has posted a 6 per cent fall in average profit per equity partner (PEP) for the 2007 financial year, making it the only US firm so far to... more

• Willkie Farr revenues, profits up 20 per cent

  Feb 02 2008 Willkie Farr & Gallagher posted double digit increases in revenue and profits for the second year in a row. The New York firm posted a 20 per cent rise in fee income,... more

• Weil doubles profit as US firms excel in London

  Jan 29 2008 Weil Gotshal & Manges' London office has thrown down the gauntlet to its rivals by reporting a doubling of its profit in what looks set to be a record year for US... more

• Salans' record year sees PEP double

  Jan 15 2008 Salans is set to double its average profit per equity partner (PEP) to more than £850,000 after a record year in which revenue was boosted by more than a third to hit... more

• Reed Smith smashes revenue target in double-merger year

  Jan 09 2008 US firm Reed Smith has broken the $1m average profit per equity (PEP) partner barrier and smashed its revenue target with a solid set of year-end financial results at... more

• Law firms continue strong profit growth

  Nov 27 2007 Fee income among the UK’s top 25 law firms have continued to show strong growth, while profits per partner have also increased, albeit at a lower rate than a year ago.... more