Law News

Add news

Search results for tag "Revenue"

• UK 200 independent firms nearing £1.5bn revenue threshold

  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... more

• Dentons’ European arm reports 11% revenue growth for 2016

  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%... more

• DWF revenue up 8 per cent to reach £200m target

  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... more

• Trowers & Hamlins turnover and PEP rise

  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.... more

• Burges Salmon revenue down after seven years of growth

  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... more

• Ince & Co revenue up 16%

  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... more

• Stewarts Law reveals double-digit revenue and PEP growth

  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... more

• Gateley revenue up nearly 16 per cent

  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... more

• Taylor Wessing reports 6 per cent increase in global revenue

  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... more

• CMS pre-merger revenue remains static over 2016/17

  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... more

• TLT turnover increases by 4 per cent

  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... more

• Fieldfisher reports revenue increase of 34%

  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... more

• Paul Hastings PEP rises 4 per cent while revenue grows 2 per cent

  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... more

• Debevoise records first PEP decrease in seven years

  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... more

• Debevoise global revenue and profits fall

  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... more

• Covington revenue up 9% in London and 13% globally

  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... more

• King & Spalding revenue falls 8 per cent in London

  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... more

• Goodwin Procter revenue up 5% while Winston grows less than 1%

  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... more

• Hogan Lovells turnover up 6 per cent

  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... more

• Reed Smith revenue down 4 per cent with PEP remaining flat

  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.... more

• Latham revenue up 5 per cent while PEP increases 5 per cent

  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... more

• Shearman’s London office sees 14 per cent increase in revenue

  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... more

• White & Case revenue grows 3.5 per cent in London and 7 per cent globally

  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... more

• Cooley revenue rises 7 per cent to $974m

  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... more

• Freshfields revenue £40m lower than originally reported

  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... more

• Dechert PEP increases by 2 per cent while revenue grows 3 per cent

  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... more

• Bird & Bird LLPs reveal revenue growth and London headquarters spending

  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... more

• Fieldfisher reveals half-year revenue increase of 10%

  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... more

• Ashurst resumes quarterly distributions to partners

  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... more

• PwC Legal revenue rises to £60m

  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... more

• Olswang revenue falls in latest earnings report

  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... more

• Withers revenues rise while PEP falls

  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... more

• Linklaters financial results announced

  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... more

• Dentons UKMEA revenues see strong growth

  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... more

• CMS revenues reach major milestone

  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... more

• Fieldfisher revenue soars above £120m

  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'... more

• Forsters reports sixth year of double-digit revenue growth

  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.... more

• TLT announces 15 percent revenue growth

  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... more

• Browne Jacobson announces nine percent revenue increase

  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... more

• JMW Solicitors revenue tops 20 million pounds

  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... more

• Osborne Clark revenue jumps 23 percent

  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... more

• Winckworth Sherwood announces 12 percent revenue increase

  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... more

• Morrison & Foerster revenues rise in 2015

  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... more

• Akin Gump London revenues spike after merger

  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... more

• King & Spalding revenues surpass $1bn

  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... more

• Fieldfisher reports ahead of target mid-year revenue

  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... more

• Minter Ellison surpasses previous revenue peak

  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... more

• King & Spalding revenues and headcount on the rise

  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... more

• Brodies' revenue up 11 percent

  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... more

• European IP firm Murgitroyd sees 10.9% drop in profits

  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... more

• Former MP of Patton Boggs explains reasons for merger

  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... more

• Dickstein Shapiro says departures make it more focused

  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... more

• Legacy Pannone partners leave Slater & Gordon

  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... more

• Leadership and partnership changes at Clifford Chance

  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... more

• Irwin Mitchell reports 1.2% increase in revenue

  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.... more

• Baker & McKenzie breaks revenue records

  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... more

• Hamlins reports a whopping 52% PEP growth

  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... more

• Charles Russell and Speechly Bircham to merge

  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... more

• Stewarts Law slows after 5 years meteoric growth

  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... more

• Sheppard Mullin offers voluntary retirement to secretaries

  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,... more

• UK firm Macfarlanes awards PEP of £1.19m

  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... more

• Ashurst reports 6% increase in revenue, 22% increase in PEP

  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... more

• Pinsent Masons reports 4.6% increase in revenue

  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... more

• Nabarro records flat revenues for 2013-14

  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.... more

• Clifford Chance reports 7% increase in revenue

  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... more

• Dentons' "unreported" PEP comes in very high

  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... more

• Stephenson Harwood reports 8% revenue growth

  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... more

• Wastson Farley & Williams records 14.6% jump in revenue

  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... more

• Group of 14 lawyers leaves Bingham McCutchen

  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... more

• Osborne Clarke awards 2% bonus firm wide

  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... more

• Washington firms outperform US counterparts

  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... more

• Osborne Clarke reports £30m increase in revenue

  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... more

• US top 100 firms record record revenues in 2013

  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... more

• DWF hires financial institutions head from Pinsent Masons

  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... more

• Dickstein Shapiro reports 20% fall in revenue

  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... more

• Australian firm HWL Ebsworth acquires SA firm

  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... more

• Billing report shows rates are up, hours are down

  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... more

• Two top Chinese firms in merger discussions

  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.... more

• Arnold & Porter requires staff to apply for their jobs

  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... more

• Patton Boggs makes partnership cuts

  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... more

• London office of Quinn Emanuel sees 28% drop in revenue

  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,... more

• Squire Sanders in merger talks with Patton Boggs

  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... more

• FFW acquires Manchester boutique firm

  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... more

• Market for lateral hires still running hot

  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... more

• US firm Husch Blackwell lays off 25 staff

  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... more

• Top earner at Freshfields took home £2.5m in 2012-13

  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... more

• Top earner at Stephenson Harwood was paid £895,000

  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... more

• BLP reports 32% drop in profits for 2012-13

  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.... more

• Bryan Cave elects Therese Pritchard as chair

  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... more

• UK firm HFW reports 23% profit growth

  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... more

• Law firms rush to collect on unpaid bills

  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... more

• CMS Cameron McKenna considers acquiring Dundas

  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... more

• Ashurst grows revenue by 5.8%

  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... more

• Watson Farley's veteran MP to step down

  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... more

• A&O posts 7.4% hike in half-year revenue

  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... more

• Patton Boggs lays off 10 lawyers and 36 staff

  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... more

• Veteran Latham & Watkins Chair to step down in 2014

  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... more

• Berwin Leighton Paisner boosts real estate practice

  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... more

• FFW posts 7% increase in revenue for first half

  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... more

• Dentons and McKenna move closer to merger deal

  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,... more