Law News
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Oct 09 2017
According to a new report released by The Lawyer on 9 October, independent firms in the UK 200 are close to reaching a collective revenue total of £1.5bn.
Of the...
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Oct 05 2017
Dentons has reported financial results for its European arm for the year to 31 December 2016. LLP accounts show that the firm’s European arm increased revenues by 11%...
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Sep 01 2017
DWF has posted its latest financial results, revealing an 8 per cent increase in revenue, which grew from £187.1m in 2015/16 to £201.2m in 2016/17.
Average profit...
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Aug 07 2017
Trowers & Hamlins has reported its latest financial results, posting increases in turnover and profit per equity partner (PEP) following last year’s mixed results....
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Jul 24 2017
Burges Salmon has posted its 2016/17 financial results, reporting a slight dip in revenue, which decreased by 0.4 per cent from £87.4m to £87m. This year’s results...
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Jul 21 2017
Insurance and shipping firm Ince & Co has reported a 16 per cent increase in revenue for the 2016/17 year, following a period of three years in which the firm’s...
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Jul 13 2017
Stewarts Law has reported double-digit increases in revenue and average profit per equity partner (PEP) for the 2016/17 year.
PEP came in at £2m, a 30.3 per cent...
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Jul 13 2017
Gateley has posted double-digit increases in revenue and profit for the second consecutive year, which is also the firm’s second financial year as a listed entity on...
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Jun 22 2017
Taylor Wessing has released its latest financial results, reporting a 6 per cent rise in global revenue, which increased from £254.5m to £269.m. UK revenue increased...
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Jun 20 2017
CMS has released its financial results for 2016/17, reporting year-end turnover of €999m, or €1.05bn without currency fluctuation. The figure stayed static compared to...
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Jun 19 2017
TLT has reported revenue of £74.6m in 2016/17, an increase of 4 per cent. This year’s growth follows last year’s revenue of £71.6m, which marked a 15 per cent increase...
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May 30 2017
Fieldfisher has reported a 34% increase in 2016/17 revenue, which rose from £121.5m to £165m. Profit per equity partner (PEP) increased by 16% from £550,000 to...
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Mar 25 2017
Paul Hastings has released its latest financial results, reporting increases in profit per equity partner (PEP) and turnover. Average profit per equity partner stands...
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Mar 23 2017
Debevoise & Plimpton saw profit per equity partner (PEP) fall in 2016, following a period of growth since 2009.
Global revenue was $735m in 2016, decreasing from...
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Mar 22 2017
New York firm Debevoise & Plimpton has reported a 3% decrease in revenue, which fell to $735m last year. The firm’s London office, led by Lord Peter Goldsmith QC and...
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Mar 07 2017
Covington & Burling has reported its latest financial figures, revealing 9 per cent revenue growth in London and 13 per cent globally. London revenue increased from...
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Mar 03 2017
King & Spalding has reported an 8 per cent decline in revenue for its London office, where revenue fell from $46.5m in 2015 to $42.6m in 2016. Lawyer headcount at the...
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Mar 02 2017
Winston & Strawn and Goodwin Procter are among the latest US firms to report financial results.
Winston’s revenue grew by less than 1 per cent, coming in at $823m...
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Feb 27 2017
Hogan Lovells increased turnover by 6 per cent in 2016, with revenue coming in at $1.93bn for the year. Revenue per lawyer was up 2 per cent to $738,000, while profit...
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Feb 27 2017
Reed Smith has reported a 4 per cent decrease in global revenue, which dropped from $1.23bn to $1.1bn in 2016. The firm also reduced headcount by more than 80 lawyers....
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Feb 27 2017
Latham & Watkins has reported its latest financial results, revealing a 5 per cent increase in profit per equity partner (PEP). The figure has exceeded $3m for the...
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Feb 24 2017
Shearman & Sterling has reported global turnover of $912m, a six per cent increase over last year’s $860.3m. The firm’s London office increased revenue by 14 per cent...
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Feb 17 2017
White & Case reported turnover of $1.6bn for 2016, representing an increase of nearly 7 per cent over the previous year. Revenue for the firm’s London arm came in at...
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Feb 17 2017
US firm Cooley has reported a revenue increase of 7 per cent in 2016, with total turnover coming in at $974m. The 2016 figure is lower than revenue growth in previous...
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Feb 07 2017
According to Companies House filings, turnover for Freshfields Bruckhaus Deringer was £40m lower than originally stated for 2015/16. The firm attributes the...
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Feb 01 2017
Dechert has revealed its global financial results, indicating an increase of profit per equity partner (PEP) by 2 per cent to $2.55m. The firm’s global revenue stands...
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Jan 26 2017
Bird & Bird LLP filings show that the firm’s revenue increased by 5 per cent in 2015/16, rising from €327m to €344m. The firm has also reported a 4 per cent turnover...
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Dec 01 2016
Fieldfisher has posted its half-year financial results for 2016/17, revealing a revenue increase of 10 per cent to £64.1m. During the same period last year, the firm...
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Nov 17 2016
After a series of delays in quarterly profit distributions to Ashurst partners, the firm is set to pay out distributions this month. The payouts were initially delayed...
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Sep 13 2016
PwC Legal grew revenue by 24 per cent last year, increasing turnover to £59.9m from the previous year’s £48.5m. According to senior partner Shirley Brookes, each of...
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Aug 09 2016
Olswang reported declining financial performance in its first full financial year under new CEO Paul Stevens, announcing an 11% drop in turnover and an 8% drop in...
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Jul 27 2016
Withers grew its revenues 21 percent from its previous financial year, with revenues rocketing upwards from £134m to £161.5m on the back of an expanded network through...
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Jul 08 2016
Linklaters posted its financial results from the 2015-16 financial year, with gains across the board and a record net profit.
Revenues grew 3.1 percent to £1.31bn...
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Jun 18 2016
Dentons has revealed that revenues for its UK, Middle East and African region grew 7 percent in the last financial year. That growth saw the firm's UKMEA revenues rise...
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Jun 10 2016
CMS announced its earnings for the recent financial year. Its revenues surpassed the billion-euro milestone, as the firm raked in €1.01bn in 2015.
The firm has seen...
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Jun 08 2016
Fieldfisher's revenues in the 2015-16 financial year climbed 7.5 percent, propelling the firm to set a new record for revenues at £121.5m. It's previous years'...
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May 23 2016
London law firm Forsters has reported its sixth year of of double-digit revenue growth.
The firm's revenue rose 11.3 percent this year, hitting 46.2 million pounds....
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May 20 2016
TLT has announced a revenue growth of 15 percent from 2015 to 2016.
The firm's revenue jumped from 62.5 million pounds to 71.6 million pounds. The firm has grown by...
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May 19 2016
UK law firm Browne Jacobson has announced a nine percent increase in revenue.
The firm reported a revenue rise from 58.9 million pounds to 64 million pounds over the...
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May 17 2016
Manchester-based firm JMW Solicitors has reported a 16 percent revenue increase this year, breaking the 20 million pound mark.
The firm's revenues jumped from 19.4...
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May 12 2016
Osborne Clark's revenue jumped 23 percent this year to 236.3 million euros.
The London-based firm's United Kingdom revenue also crossed 100 million pounds for the...
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May 11 2016
London-based property-focused firm Winckworth Sherwood has announced a 12 percent increase in revenue from 33.4 million pounds to 37 million pounds. The increase...
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Apr 12 2016
Morrison & Foerster’s financial results for 2015 were positive globally and shined in its London office. The firm’s global revenues grew 1.1 percent to $979.3m while...
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Feb 12 2016
Akin Gump Strauss Hauer & Feld showed a spike in revenue at its London branch,
a result of its first full year of financial results after its merger with Bingham...
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Feb 04 2016
King & Spalding surpassed a financial milestone, growing its revenues last year beyond the $1bn mark. It's global revenue grew 9 percent in 2015, from 2014's $934m to...
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Nov 11 2015
Fieldfisher has reported its mid-year revenue figures and is ahead of its targets, so far showing an 8 percent increase in revenues. This year the firm posted £58.4m...
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Nov 10 2015
Minter Ellison, Australia's largest firm, has posted a 2.3 percent rise in its 2014/15 revenues, increasing to A$428m. The revenue surpasses for the first time its...
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Oct 19 2015
King & Spalding dramatically grew its London practice in 2014 and the results led to a quick ascent in revenues over the same period. Compared to 2013, the firm added...
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Jul 28 2015
Scottish firm Brodies announced a fifth consecutive year of revenue and profit growth. This year, the firm experienced 11.2 percent gains in turnover, increasing from...
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Sep 08 2014
European IP law firm group Murgitroyd reported a 10.9 per cent drop in profits during the 2013-14 financial year, from £4.6m to £4.1m. Basic earnings per share fell by...
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Sep 05 2014
The former managing partner of Patton Boggs and current co-managing partner of merged firm Squire Patton Boggs has explained why the firm needed to find a merger...
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Aug 28 2014
Dickstein Shapiro saw a 20 percent drop in revenue and a 35 percent drop in profits in 2013, and saw dozens of lawyers and staff leave the firm to take up employment...
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Aug 28 2014
Two partners from Manchester-based legacy firm Pannone have departed Australian law firm Slater & Gordon before the end of their three-year lock in, and others are...
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Aug 20 2014
Clifford Chance’s new managing partner, Matthew Layton, is working with the firm’s new corporate head - Guy Norman - to restructure the leadership team and change the...
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Aug 16 2014
Irwin Mitchell has reported a 1.2 per cent increase in revenue from £200.3m to £202.7m, following the 5.3 per cent revenue increase of the previous year....
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Aug 12 2014
Baker & McKenzie has recorded a record-breaking revenue result, with a total turnover of $2.54bn for the 2013/14 financial year.
The revenue figure represents a 5...
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Jul 29 2014
West End law firm Hamlins has seen Profit per equity partner leap up by 52 per cent, from £367,000 to £560,000, in the last financial year.
The 26-partner firm also...
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Jul 20 2014
The partnerships of Charles Russell and Speechly Bircham have both voted to approve a merger between the two firms.
The combined firm will operate under the name...
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Jul 18 2014
Stewarts Law has posted modest revenue growth and flat net profit in the 2013-14 financial year, in contrast to the five preceding years when the firm grew by more...
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Jul 18 2014
Sheppard Mullin has announced the intention to reduce the ranks of legal secretaries. Chief operating officer Ted Tinson has introduced a voluntary retirement program,...
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Jul 16 2014
UK law firm Macfarlanes has recorded a 22% hump in revenue to £139.74m. Average profit per equity partner increased by 21% to reach a whopping £1.19m. Senior Partner...
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Jul 09 2014
Ashurst has reported a six per cent increase in revenues to £586 million in the last financial year, while average profit per equity partner leapt up 22 per cent to...
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Jul 08 2014
Pinsent Masons has reported a 4.6 per cent increase in revenue from £309m to £323m in the last financial year, while average profit per equity partner increased by 4.5...
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Jul 04 2014
Nabarro has recorded almost flat revenue growth for the 2013-14 financial year, coming in at £116.7m, which is 0.3 per cent ahead of last year’s result of £116.3m....
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Jul 02 2014
Clifford Chance has reported revenues that break the firm’s records, bringing in £1.359bn in the 2013/14 financial year to reach £1.359bn, which is up 7 per cent from...
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Jun 29 2014
Dentons’ decision to stop reporting profit per equity partner and profit figures was justified on the basis that it had the potential to distort the professional...
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Jun 28 2014
Stephenson Harwood has reported an 8 per cent increase in revenues in the last financial year, from £112.3 to £121 million. The firm has reported revenue growth in...
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Jun 04 2014
Watson Farley & Williams has recorded a 14.6 per cent jump in revenue in the 2013/14 financial year, growing the figure from £102.1m to £117m. The same period last...
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Jun 02 2014
A group of 14 lawyers, including nine partners, are reportedly leaving Bingham McCutchen. The group includes Richard Fries, the chief of Bingham's real estate...
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May 21 2014
Osborne Clarke has made a firm-wide bonus at 2 per cent of salary. The bonus is the result of the firm exceeding its revenue target for the financial year, which...
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May 15 2014
Law firms in Washington DC are doing much better than their counterparts in other US cities, according to a quarterly report released by Citi Private Bank Law Firm...
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May 12 2014
Osborne Clarke has reported a £30m increase in revenue in 2013-14, coming in at £142m for the financial year. This year’s results follow a 14 per cent increase in...
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May 06 2014
The total revenue for the 100 largest US law firms was $77.4 billion last year - a record figure that was 5 per cent higher than the previous year.
The figures...
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Apr 21 2014
DWF has hired the head of the financial institutions practice from Pinsent Masons, as part of a plan to grow its commercial practice groups.
Stephen Miles will...
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Apr 20 2014
Dickstein Shapiro has reported a 20 per cent fall in revenue in the last financial year, after having had “an investment year”. Chairman James Kelly explained that the...
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Apr 19 2014
Australian law firm HWL Ebsworth is set to acquire South Australia boutique firm Kelly & Co. The acquisition gives HWL an Adelaide office, 14 new partners and 44 legal...
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Mar 27 2014
Corporate clients bought fewer hours from law firms in 2013, though they paid more for what they bought, according to the latest LegalView Legal Market Index, which is...
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Mar 25 2014
Top-tier Chinese firms Jun He and Zhong Lun are in discussions about a potential merger, which if successful would create the largest firm by revenue in China....
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Mar 17 2014
The London office of US firm Arnold & Porter is requiring support staff to reapply for their jobs, with successful candidates facing a pay cut of up to 50%.
The...
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Mar 10 2014
Patton Boggs has taken the shears to its partner ranks, asking between15 to 20 partners to either leave or accept a demotion within the firm.
About half of those...
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Mar 05 2014
The London office of litigation boutique Quinn Emanuel Urquhart & Sullivan has reported a big drop in revenue for the 2013 financial year, taking in just £19.8m,...
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Mar 03 2014
Global law firm Squire Sanders is in merger talks with Washington lobbying specialist firm Patton Boggs. These talks follow the failure of merger negotiations between...
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Feb 10 2014
Field Fisher Waterhouse has acquired Heatons, an eight-partner Manchester boutique firm, after the latter firm’s partners voted in favour of the merger.
The merger...
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Feb 10 2014
The market for lateral hires at corporate law firms is still running hot, with 2,522 lateral hires in the 12 months to 30 September 2013, down slightly from the 2,691...
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Jan 28 2014
US law firm Husch Blackwell has announced that it is laying off 25 staff. The move follows the firm’s merger with Brown McCarroll, and comes after the combined firm...
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Jan 23 2014
The highest paid partner at Freshfields Bruckhaus Deringer took home £2.5m last year, which includes payments in relation to retirement.
The top pay is down 14 per...
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Jan 07 2014
Financial figures registered on behalf of UK law firm Stephenson Harwood show that the firm’s highest paid member took home £895,000 during 2012-13, down 1.6% from the...
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Jan 02 2014
Berwin Leighton Paisner has reported a 32 per cent fall in profits for the 2012-13 financial year, losing £25.8 million on last year’s figures to just £55.2 million....
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Jan 01 2014
St Louis-based law firm Bryan Cave has elected a new chair, choosing Washington securities attorney Therese Pritchard for the top role. Pritchard will succeed Don...
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Dec 31 2013
Holman Fenwick Willan has reported a profit growth of 23% for 2012-13, up to £53.3 million from £43.3 million last year.
The pool of profits available for...
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Dec 24 2013
Law firms have been scrambling to collect payment before the end of the year - a sensitive task if it is to be carried out effectively while maintaining goodwill with...
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Dec 12 2013
CMS Cameron McKenna is looking into the acquisition of Dundas & Wilson. According to reports, CMS began conducting due diligence some five months ago, but partners at...
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Dec 10 2013
Ashurst has posted its financial results from the first half of the 2013-14 financial year, reporting a turnover of $501 million globally. The result represents a 5.8...
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Nov 29 2013
The veteran managing partner of Watson Farley & Williams, Michael Greville, is set to resign from the leadership role to return to full-time fee-earning in the...
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Nov 21 2013
Allen & Overy has recorded a 7.4% revenue hike in the first half of the 2013-14 financial year, when compared to the same period last year.
Revenue grew to £608m...
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Nov 14 2013
Patton Boggs has announced that it will lay off 10 lawyers and 36 staffers, in the second round of cuts at the firm this year. The first round of redundancies saw...
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Nov 14 2013
Latham & Watkins has announced that its global chair and managing partner - Robert Dell - will retire at the end of 2014, after 20 years at the helm.
Dell has led...
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Nov 13 2013
Berwin Leighton Paisner bolstered its real estate practice with the hire of the former global co-chair of DLA Piper’s hospitality and leisure group. Partner Karen...
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Nov 13 2013
Field Fisher Waterhouse has posted a 7 per cent increase in revenue in the first half of the 2013-14 financial year, compared to figures from the same period last...
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Oct 31 2013
Dentons and McKenna Long & Aldridge are currently at an advanced stage of merger negotiations, with the boards of both firms having recommended that the firms combine,...
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