Law Firm Finances and Profitability - Page 2
Greenberg Traurig sets revenue record for 10th straight year as turnover hits $2.3bn
US firm grows revenue 6% and promotes 38 to shareholder, with women making up just over a third of the cohort
Garrigues maintains growth streak as revenue tops €450m
Leading Spanish firm says 2.5% turnover growth sees it become first EU law firm to break €450m revenue barrier
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Hogan Lovells rings in record results as turnover hits $2.68bn
PEP jumps 20% to $2.74m as transatlantic firm marks return to growth after revenue and profit dips in FY22
Mason Hayes & Curran grows revenue 7% to €114m
Strong demand across all core industry sectors sees Dublin stalwart’s turnover top €100m for second consecutive year
Quinn Emanuel’s London arm posts 47% increase in revenue
‘Material’ one-off success fee drives eye-catching results as profit soars 60%
UK legal services sector sees revenue climb in 2022 but pace of growth halves
Growth slows to 5.6% from 12.5% in 2021, according to TheCityUK’s annual UK legal services report
The bonus balance: navigating global compensation in Big Law
Associates want a global, consistent approach to bonuses and pay, writes Major Lindsey & Africa’s Nathan Peart
Baker McKenzie reports flat revenue of $3.3bn as profits hold steady
Net income hovers at $1.2bn for second year running following 2021’s record 37% rise
Regulator takes control of Axiom Ince to protect clients’ interests
Solicitors Regulation Authority makes what is expected to be the largest – and most costly – intervention into a law firm
London claimant firm secures landmark $552m financing deal
Pogust Goodhead, which is taking on BHP and Mercedes, secures ‘watershed’ deal with investment manager Gramercy
Arbitration partner exits Kirkland & Ellis in London for disputes boutique
Signature Litigation announces 20% revenue hike as Philipp Kurek joins after 14 years at US giant
Smaller UK firms positive on future despite rising costs and fee pressures, study finds
Almost half of firms say attracting and retaining talent is their biggest challenge this year, according to NatWest survey
DWF increases revenue but profits dive ahead of Inflexion takeover
UK listed firm faced pressure from rising interest costs and higher salaries
Slater and Gordon agree £33m funding deal with Harbour
Leading UK claimant law firm secures significant investment for consumer claims
CMS posts 6.2% rise in global revenue fuelled by commercial practice growth
Turnover hit €1.862bn for the 2022 financial year, but firm did not disclose profits
Demand for bankruptcy services lifts US law firm performance in second quarter
Litigation growth also helps offset drop in transactional demand, according to Thomson Reuters
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Addleshaw Goddard and Bird & Bird post double-digit revenue growth
Profit at AG rises 18% in FY23 to £184m as Bird & Bird’s grows 8.4%
BLM merger fuels 20% jump in Clyde & Co’s revenue to £788.6m
PEP holds steady at £708k as insurance law giant points to investments and swelling partner ranks
Travers Smith underlines resilience as revenue inches up against flat PEP
Results follow run of partner losses at start of the year to top tier rivals
Freshfields to cease releasing financial data directly to media
Policy announced on day firm posts strong set of results with revenue and PEP both up
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