Karen Hendy, RPC While horror stories have become increasingly rare in recent years, RPC’s head of corporate Karen Hendy recounts an awkward story from early in her career when she was the only woman present in a meeting room. ‘One of the partners looked at me and asked me where my corporate partner was. The …
In July, the board of DWF Group Plc confirmed market reports that it was planning to delist from the London Stock Exchange in a buyout by private equity firm Inflexion. Having floated in 2019, the fanfare of a record £95m IPO and a valuation of £366m to make DWF the UK’s largest listed law firm …
Despite the dramatic news that Kirkland had lost a London debt finance team to Paul Weiss, it has been another relatively quiet August week for lateral hiring among UK firms. In Washington DC, Allen & Overy announced that it had appointed Scott Cockerham as a new partner in its projects, energy, natural resources, and infrastructure practice. Cockerham …
Although the frenzy of financial reporting season has begun to subside, this week saw Irwin Mitchell release its financial results for 2022/2023. The report shows that the whole group’s overall revenue has remained steady at £276m since last year, while the group’s core businesses generated 2% more revenue than this time last year, rising from £266m …
Amid the typical August recruitment slowdown, one of the most notable moves of the past week saw Allen & Overy appoint Kfir Abutbul as the head of its energy private equity team in the US. Abutbul joins the firm from Paul Hastings, where he spent nearly five years as co-chair and vice-chair of its energy …
CMS has reported a 6% uptick from last year’s €1.746bn to €1.862bn in global revenue growth in its recent set of financial results this week, with UK turnover also up by 6% to £686m from FY21/22’s £644m. Despite the continued financial growth, revenue has slowed considerably since last year, which saw an 18% spike to …
Addleshaw Goddard has repeated last year’s outstanding performance in another set of promising financial results today (3 August), reporting a 18% increase in revenue growth from £377m to £443m, matched by an 18% rise in total profit from £155m to £184m. PEP is estimated to be £909,000 by Legal Business, an increase of 5%.
Dentons has released its financial results for its UK, Ireland and Middle East business, reporting a significant decrease in the rate of revenue growth from last year’s 14% spike to a modest 2% increase from £260.4m to £265.1m this year. In an interview with Legal Business, chief executive for the UK and the Middle East, …
Following the announcement last week that Eversheds Sutherland has entered into a formal cooperation agreement with Chinese firm King & Wood Mallesons (KWM), Legal Business spoke to Eversheds’ chief executive officer Lee Ranson about the arrangement and the implications for both firms. Under the terms of the deal, KWM will exclusively refer all its clients …
With financial reporting season in full swing, Linklaters is the latest Magic Circle firm to drop its financial results, reporting a 7% revenue increase from £1.8bn to £1.9bn, seeing it fall just short of the $2bn turnover barrier passed by both Allen & Overy and Clifford Chance recently. Pre-tax profit is down by 2% to …
Continue reading “Linklaters sees 2% profit decline as revenue falls short of the £2bn milestone”
