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Search results for tag "Revenues"

• End of merger negotiations between UK firms Maclay Murray & Spens and Bond Pearce

  Mar 19 2012 There has been a failure of merger negotiations between Scottish law firm Maclay Murray & Spens and Bristol's Bond Pearce. The decision to abandon the talks comes... more

• 12 partners depart troubled NY firm Dewey & LeBoeuf

  Mar 19 2012 Twelve insurance law partners from Dewey & LeBoeuf resigned on Friday of last week. The group is headed to Willkie Farr & Gallagher, bringing the total number of... more

• US firms Baker & Daniels and Faegre & Benson agree to merge

  Oct 13 2011 Indianapolis-based firm Baker & Daniels has confirmed that a merger agreement has been reached between itself and Minneapolis firm Faegre & Benson. The agreement... 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

• Top UK firms increase revenue by 4%

  Aug 16 2011 The Lawyer has published a survey that shows total revenues from the UK’s top law firms increasing by four per cent to £14.27bn in 2010-11. This marks the first return... more

• Top London firms report strong growth

  Jul 13 2011 Top London firms have reported a good year, with revenues and profits on the up. Allen & Overy posted a 7 per cent increase in revenue to £1.12bn, and an 8.3% hike... more

• SNR Denton has a bumpy ride with falling profits and partner defections

  Jul 04 2011 SNR Denton is facing difficult times in the wake of its transatlantic merger. The firm has reported an 8 per cent drop in revenue to £154.4million for the 2010/11... more

• US firms look abroad to bolster profits

  Jun 23 2011 This Reuters article reflects upon the fact that as the US economy continues to struggle, law firms are looking abroad to bolster profits. In recent months, Davis... more

• After a bumper year in 2009 Crowell & Moring posts more modest results

  Feb 17 2011 After reporting one of the best financial years in its history in 2009, Crowell & Moring has seen profits and revenues fall somewhat in 2010. The firm’s gross... more

• Winston ends negotiations with Howrey; recruits lawyers on the way out

  Jan 26 2011 Merger negotiations between Chicago-based Winston & Strawn and Washington DC-based Howrey have ended, but Winston’s interest in Howrey is not concluded. According to... more

• Outsourcing industry growing at 20-30 % per year

  Dec 22 2010 Legal outsourcing can still be described as small. Of the $180 billion that Americans spend annually on legal services, only about $1 billion goes to outsourcers. But... more

• Firms cut costs to battle declining revenues

  Sep 02 2010 A new survey indicates that small and midsized firms saw declining revenues during 2009 as a result of tough economic circumstances, but cuts in expenses resulted in... more

• Clifford Chance reports 27 per cent boost in profits

  Jul 07 2010 Clifford Chance has announced a 27 per cent jump in profits for equity partners, who took home an average of £733,000 in the 2009-10 financial year. Meanwhile, the... more

• Merger talks between Simmons and Mayer Brown end without agreement

  Jun 30 2010 Merger negotiations between Simmons & Simmons and Mayer Brown have collapsed after preliminary talks failed to precipitate agreement between the two firms. A joint... 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

• SJ Berwin posts 7% drop in revenue, 9% increase in PEP

  Jun 17 2010 SJ Berwin has announced a drop in revenue in the 2009-10 financial year of 7 per cent, with income falling from £184 million to £171 million. This year’s figures are... more

• Berwin Leighton Paisner on the up

  Jun 15 2010 UK firm Berwin Leighton Paisner bucked the trend last financial year, posting an increase in both turnover and profit, with income topping £191 million for the first... more

• Addleshaw Goddard reports profits slightly down, PEPs slightly up

  Jun 04 2010 Addleshaw Goddard has reported a slight drop in revenue this financial year – falling by three per cent from £173.1m to £167.5m. In the same period the firm's equity... more

• Oslwang PEPs up 38 per cent, despite of modest growth

  Jun 03 2010 Olswang has posted a small increase in turnover for this financial year, up 2 per cent from £89.2m to £91m. Meanwhile the average profit per equity partner has jumped... more

• Record profits without axing staff: Cravath Swaine & Moore and Davis Polk & Wardwell

  Mar 22 2010 A number of firms posted record profit per partner figures in 2009, despite a difficult economic climate. And while many of them boosted profits by paring back their... more

• Revenues are down, so why are these equity partners in such a good mood?

  Mar 10 2010 Cost cutting efforts in a number of major law firms have resulted in high profit per partner figures despite a decrease in revenue. At Dewey & LeBoeuf, gross... more

• Shearman posts strong profits, despite 9 % revenue drop

  Feb 16 2010 Shearman & Sterling reports an increase in profits per equity partner (PPP) of 4.2 percent to $1.735 million in 2009, while revenue declined 8.6 percent to $801... more

• Crisis? What Crisis? California law firms post steady profits

  Jan 28 2010 Most major Bay Area law firms saw revenues and profits remain flat in 2009, reports The Recorder. Half of the eight firms surveyed posted increases in profit per... more

• US law firm revenue drops 5 to 10 percent in 2009

  Dec 14 2009 US law firm revenues are expected to fall 5 to 10 percent this year, according to Citi Private Bank. . Citi Private Bank’s Dan diPietro says, some law firms are now... more

• Linklaters revenues drop by almost 10 percent

  Nov 21 2009 Magic circle firm Linklaters has reported a 9.5% fall in revenue to £591m from £653m for the first half of the 2009-10 financial year. The drop in turnover comes... more

• BLP posts 5% drop in revenues at half-year stage

  Nov 12 2009 Berwin Leighton Paisner (BLP) has announced a 5% drop in revenues for the first half of the financial year, bringing in fee income of £79.8m. The firm's results put... more

• Wragges sees dip in first-half turnover

  Nov 12 2009 Wragge & Co has experienced a slight drop in turnover for the first six months of the 2009-10 financial year. The firm estimates that turnover will be around... more

• Revenues down seven per cent at Pinsents in first half of year

  Nov 12 2009 Pinsent Masons has seen its half-year revenues drop by seven per cent during the first six months of 2009-10 compared with revenues for the same period last year.... more

• Ashurst revenues down by 7 per cent

  May 27 2009 Ashurst has reported a seven per cent drop in global revenues for the 2008-09 financial year. The silver circle firm announced total revenue of £301m, which is down... more

• Top 50 set for fee falls but City firms hold steady

  May 21 2009 Top 50 revenues set to edge down but City firms match 2008 fees A substantial number of top 50 law firms will this year unveil falls in revenue despite many City... more

• Sullivan, Skadden and Davis Polk post falling profits in 2008

  Feb 12 2009 Wall Street leaders Skadden Arps Slate Meagher & Flom, Sullivan & Cromwell and Davis Polk & Wardwell have all seen falling profits and flat revenues in 2008. Dewey... more

• Latham profits down $470k per partner, turnover below $2bn

  Feb 09 2009 Latham & Watkins saw its profits drop 21% in 2008, one of the biggest falls so far reported by US law firms. Profits per equity partner (PEP) fell from $2.27 million... 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

• U.K. top 100 law firms revenue rises 6.3 percent in quarter

  Sep 03 2008 Revenue at the 100 largest U.K. law firms rose 6.3 percent in the quarter ended July 31 led by large firms with international legal networks. The top 10 London firms... 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

• US firms braced for slump in half-year revenues

  Jul 22 2008 US firms are preparing their partners for sinking revenues as they take stock of their financial progress at the half-year stage. Business has been far harder since... more

• Solid Growth for Allen & Overy and Linklaters

  Jul 17 2008 Slowly but surely the final rankings for this year's Global 100 have taken shape. Two of the last major U.K. practices to announce their numbers, Allen & Overy and... 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

• 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

• Law firms expect drop in transactional work

  Dec 09 2007 On the revenue side, transactional work has dropped off sharply as the mortgage lending credit crisis continues to play out. And those old stalwarts of an economic... more