Herbert Smith Freehills has marked a decade of consecutive annual growth with its latest financial results, posting the highest revenue, profit and PEP in the firm’s history. Revenue has increased by 8% from £1.103bn to £1.186bn, while net profit and PEP are up by a more modest 2% and 1% respectively. PEP moved from £1,163,000 …
Pinsent Masons has revealed a soaring 14% increase in turnover from £531.1m to £605.9m, with the rate of revenue growth more than doubling since this time last year. PEP is also up by 8% to £797,000 which, in contrast to the increase in revenue, is directly half the rate of growth of 16% last year.
The board of DWF Group Plc has confirmed market speculation that it is in negotiations with mid-market private equity firm Inflexion over a potential buyout. The UK’s largest listed law firm, DWF, released a statement on the London Stock Exchange, detailing that DWF shareholders will be eligible to receive a total consideration of 100 pence …
Continue reading “DWF in talks to delist as private equity buyer circles”
Eversheds Sutherland has revealed a 17% increase in its net profit from £150.3m to £175.2m in this year’s financial results. The rate of growth is six percentage points lower than last year’s bumper 23% spike, reflecting the challenges which law firms currently face. Revenue also grew from £678.4m to £730.9m, matching last year’s 8% rise. …
Osborne Clarke has kicked off this year’s financial reporting season, revealing a 9% international revenue increase from €407m in 2022 to €442m in 2023, which the firm sees as real progress against the backdrop of weaker global economic conditions and a stagnant deals market. In the UK, the firm’s income also grew by 9% from …
Aleksandra Schellenberg, UBS’ global head of legal sustainable finance, knew she wanted to be a lawyer from the age of 14, revealing that she made her decision after watching the first episode of American legal comedy drama Ally McBeal, while growing up in Poland in the late 1990s. She recalls: ‘I remember after watching the …
Continue reading “The Client Profile: Aleksandra Schellenberg, UBS”
In the first half of June, the UK economy suffered another blow. Global soda ash producer, WeSoda, made the decision to pull out of its $7.5bn London IPO, citing a lack of investor demand, leading to criticism of UK investors for being unduly conservative and tight-fisted with their cash. However, there is a glimmer of …
Amid a hectic start to June for lateral hiring, Freshfields has had a busy week, having added four new partners to both its London and New York practices. Derivatives and structured products specialist James Duncan will join the firm’s global transactions practice in London from Shearman & Sterling, following the news of its merger with …
Herbert Smith Freehills has announced the launch of its new multi-disciplinary practice in Riyadh following the reforms made to the Saudi Code of Law Practice last year. Managing partner, Joza AlRasheed, will be joined by energy and infrastructure lawyer Alexander Currie and projects and project finance specialist Phil Hanson. They will work in union with …
Continue reading “HSF launches Riyadh office in the wake of Saudi legal reforms”
Cooley has bolstered its London corporate and life sciences practice through its acquisition of new partner Simon Amies, ending an impressive 21-year stretch at Covington & Burling. Amies advises a variety of clients, including investors, investment banks and companies in the technology and life sciences space on M&A, IPOs and capital transactions. Amies explained the …
