Comment: If the mid-tier’s days are numbered why do they keep doing so well?

Comment: If the mid-tier’s days are numbered why do they keep doing so well?

We’ve had five years of unforgiving conditions for law firms, everyone agrees. And in many respects that squeeze has had predictable results on the upper echelons and lower half of the LB100. But this year it’s the mid-tier which has had the most interesting 12 months. This group should by rights and conventional wisdom be on …

Comment: The lingering enigma of BLP’s bad year

Comment: The lingering enigma of BLP’s bad year

Success is a mysterious beast. Hard to define, built up over years and often the result of a formula even its creators struggle to understand. But failure, well, that’s simple. When a law firm runs into difficulties you can point to bickering partners, problem offices, a weak client-base or an unworkable strategy. Whatever it is, …

Accept no substitute: Legal Business hits the iPad with the law app you’ve been waiting for

Accept no substitute: Legal Business hits the iPad with the law app you’ve been waiting for

We take a sizeable step in the evolution of Legal Business today with the launch of a new iPad edition, which we will be rolling out to our subscribers. The app launches after months of development to coincide with our September edition, traditionally the largest of the year in which we publish our annual LB …

If the mid-tier’s days are numbered why do they keep doing so well?

If the mid-tier’s days are numbered why do they keep doing so well?

We’ve had five years of unforgiving conditions for law firms, everyone agrees. And in many respects that squeeze has had predictable results on the upper echelons and lower half of the LB100. But this year it’s the mid-tier which has had the most interesting 12 months. This group should by rights and conventional wisdom be …

The age of turbulence has only just begun for the UK’s top 100 firms

The age of turbulence has only just begun for the UK’s top 100 firms

Respectable, yes, but 2012/13 was a tough year, even by the post-Lehman standards law firm leaders have become accustomed to. While a frantic run of consolidation and international expansion pushed revenue up 8% to £19.1bn, like-for-like growth was far more subdued. On all objective measures of productivity and profitability, there were further slides, even before …

Comment: Hogan Lovells was right to get hitched. It needs to remember that

Comment: Hogan Lovells was right to get hitched. It needs to remember that

I’m not a big fan of comparing law firm mergers to marriages. All those torturous metaphors and incongruous imagery. But in assessing the three-year old union between Lovells and Hogan & Hartson, it’s hard to escape the nuptial motif. The deal was forged amid high expectations and a simple analysis: both firms were better off …

Comment: The Asian century maybe but not the Asian decade for the Global 100

Comment: The Asian century maybe but not the Asian decade for the Global 100

The market for the world’s largest law firms remains as reliably turbulent as ever. As this month’s edition of Legal Business shows, top 100 law firms in the world as a whole eked out a 4% hike in revenues to generate $84.9bn, a figure slightly flattering underlying growth due to a handful of sizeable mergers …

Comment: SJ Berwin’s choice – to soar or crash with an Asian giant

Comment: SJ Berwin’s choice – to soar or crash with an Asian giant

If you are going to finally do a global merger, it would be fitting for one of the most distinctive City practices to hook up with the great outlier of the Global 100. That is what is on the agenda for SJ Berwin as it this summer mulls an outline deal to combine with King …

Financial Friday rolls on as Eversheds unveils increase in revenue and profits during 12/13

Financial Friday rolls on as Eversheds unveils increase in revenue and profits during 12/13

Eversheds became the fifth major law firm to confirm its 2012/13 results today (5 July) with the top 15 UK law firm seeing revenues edge up 3% to £376m, while profits per equity partner increased 2% to hit £642,000 for its 133 full partners. The firm cited a strong performance in its litigation practice, while …

Hogan Lovells was right to get hitched. It needs to remember that.

Hogan Lovells was right to get hitched. It needs to remember that.

I’m not a big fan of comparing law firm mergers to marriages. All those torturous metaphors and incongruous imagery. But in assessing the three-year old union between Lovells and Hogan & Hartson, it’s hard to escape the nuptial motif. The deal was forged amid high expectations and a simple analysis: both firms were better off …