Last year’s LB100 report saw firm leaders bullish, overwhelmingly characterising a boom market, even as macroeconomic indicators had started to flash warning signs. This year, it seems, some of the confidence of stellar recent years has finally started to dwindle. Revenue has continued to grow, though at a slightly slower rate: with turnover up on …
Continue reading “LB100 – Overview: Here comes the rain again”
It has been another muted performance from the second 25, typically the strongest-performing group in the LB100 historically. Average revenue may be up 8% to £180.4m – in line with the LB100 as a whole – but revenue per lawyer (RPL) stayed flat at £289,000. Profit per lawyer (PPL) barely moved at £74,000 and neither …
Continue reading “LB100 – The second 25: Riders of the storm”
This year, 24 London-headquartered and boutique firms can be found in the second half of the LB100, experiencing an average revenue of £57.3m from last year’s £53.4m. This 7% increase almost matches the average revenue growth experienced by the firms across the entire LB100. Taking a closer look at the breakdowns of the group’s performance …
Continue reading “LB100 – The second 50 – City and boutique: London falling?”
The 26 regional and national firms occupying the 51-100 places in this year’s LB100 come in with an average of 269 lawyers and 33 equity partners, a slight increase on last year. Average revenue increased 5% to £57.5m, three percentage points below the growth rate of the LB100 as a whole. This mirrors last year, …
Continue reading “LB100 – The second 50 – Regional view: Coming together”
Having achieved a steady rise in revenue over the past five years, can Eversheds Sutherland maintain its place in the top ten of the LB100? ‘I can’t think of a soundbite for the firm,’ dismisses one finance head at a peer firm when canvassed for his view on Eversheds Sutherland’s place in the market.
With mergers and performance across the pond enduringly hot topics in this year’s LB100 report, LB checked in with Womble Bond Dickinson to see how the firm has performed since it became a transatlantic law firm, and how its strategy looks after its tie-up talks with BDB Pitmans fell through ‘They were the right discussions …
Continue reading “LB100 – firm profile – Womble Bond Dickinson: Joining the dots”
With pacey revenue growth over the last five years, gunnercooke looks to be a poster child for operating under the fee-sharing model. Is the firm really cooking with gas or will it struggle to keep market share as economic pressures mount? Now celebrating its second year in the LB100 main table, having risen five places …
Continue reading “LB100 – firm profile – gunnercooke: Cooking up a storm?”
