Law Firm Finances and Profitability
Herbert Smith Freehills rings in record results as revenue hits £1.3bn
PEP jumps 12% to £1.3m after flatlining in FY23
Ashurst sets sights on £1bn turnover as PEP jumps 14% to £1.3m
Strong performance across all regions and industries sees Anglo-Australian firm grow turnover 9% to £961m
Brodies reports 14th consecutive year of revenue growth as PEP dips
Leading Scottish independent hands out firmwide bonus as turnover grows 7.5% to £114.3m, as PEP falls £2k to £846k
Clyde & Co ups revenue 10% as PEP hits £739k
Firm points to growth across sectors and geographies as revenue reaches £845m
A&O grows revenue, profit in pre-merger year
Profit before tax jumps 17.2% to £1.0bn as PEP hits £2.2m ahead of tie-up with Shearman & Sterling
Shoosmiths' revenue passes £200m milestone as PEP jumps 16%
Strong performance across corporate and litigation practices fules 6% turnover trise to £206.7m as PEP hits £781k
Linklaters points to US revenue growth as turnover climbs 10% to hit £2.1bn
Performance comes in landmark year for UK Magic Circle as A&O Shearman merger beds down
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Fieldfisher grows revenue 10% as PEP sees modest increase
European firm grows profits per equity partner 4% to £966k in year to end of March following previous year’s 11% decline
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HFW revenue passes £250m revenue milestone fuelling 8.8% rise in PEP
UK-headquartered firm grows revenue by 11.4% in second year of new strategy
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Osborne Clarke posts double-digit rise in UK PEP as firm-wide revenue grows 19% to €525m
UK independent points to growth in US and ESG and energy practices as it exceeds €500m revenue target one year early
US and UK growth drive 17% increase in Kennedys’ revenue
Turnover at insurance specialist jumps to £384m as fee-earner count climbs by 12%
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Stephenson Harwood points to five-year plan as revenue climbs by 16%
Turnover hits record £264.2m as PEP rises 7% to £775K
Browne Jacobson boosts turnover by 12% to record high
Top 50 firm more than doubles revenue in a decade as turnover in year to 30 April 2024 rises to £118m
Quinn Emanuel ups London NQ pay to £180k
Litigation heavyweight matches Gibson Dunn’s market-topping NQ rate as it ups associate salaries across the board
Norton Rose Fulbright grows revenue 8.3% to $2.26bn
PEP soars by 32.7% as equity partner ranks shrink by more than 100 lawyers
Sidley sees UK revenue climb to $209.7m as global turnover tops $3bn in 2023
UK practice accounts for almost 15% of global revenue as sports and restructuring deals grow
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Gibson Dunn revenue tops $3bn as PEP grows nearly 13.4%
Profit per equity partner at New York giant hits $5.58m in 2023 in 27th consecutive year of profit growth
Kirkland’s revenue tops $7bn as PEP nears $8m
Chicago giant becomes first law firm to smash turnover milestone as PEP grows 6%
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Cooley pushes revenue to $2.03bn as lawyer ranks decrease
Tech-focused firm sees PEP grow 8.2% following almost 20% decline in 2022
White & Case revenue nears $3bn as PEP jumps 12.7%
Top 10 US firm reverses 2022’s revenue and profit falls despite subdued global M&A market
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