Burness Paull has felt the effect of economic and political uncertainty more than most this year, reporting muted growth and an 8% drop in profit as two of its biggest markets struggled. Revenue at the Scottish independent was up a sluggish 2% to £58.5m for the 2018/19 financial year, while profit fell to £22m from …
Continue reading “Brexit and oil price stymie Burness Paull as profit drops 8%”
DWF chief executive Andrew Leaitherland (pictured) says the £20m cost of its London Stock Exchange listing is ‘money well spent’ after the firm reported double-digit revenue growth and set out its ambitions for further expansion. The firm said today [31 July] its revenue rose 15% to £272m in the 2018/19 financial year, of which 12.5% was …
Continue reading “‘Money well spent’: DWF revenue climbs 15% as £20m IPO cost weighs on profit”
Hamish McNicol reports on Eversheds Sutherland taking the partnership shackles off its Konexo offering The alternative legal service provider (ALSP) market is estimated to be worth more than $10bn annually. Research led by Thomson Reuters, called Alternative Legal Service Providers 2019: Fast Growth, Expanding Use and Increasing Opportunity, found that the revenue generated from ALSPs …
It is a complex world. Globalisation, increasingly interconnected economies, decades of tougher regulation and, yes, frenetic levels of law making across the world mean that getting business right is harder than ever and not all the proliferating risks can be managed. All perfect conditions for litigators, which is why much of the post-banking crisis boom …
Continue reading “The clean-up crew – The rise of the in-house litigator”
Living at the home of an ancient babushka. Rubbing shoulders with bodyguards on share acquisition deals. Arranging licensing deals so that The Muppets characters can appear on ice cream wrappers in Russia. ‘It’s been a fascinating and varied 25 years of practice, made deeply rich by the experience of different people and their different ways,’ …
Continue reading “The Client Profile: Elizabeth Messud, Kingfisher”
Eversheds Sutherland has added to recent investment in its London litigation and dispute management practice with a lateral hire from Shepherd and Wedderburn, the sixth addition to the team in the last year. White & Case, meanwhile, made a notable double-hire from Latham & Watkins in Milan to its banking and M&A practices, as TLT expanded …
The leadership at Osborne Clarke (OC) is conscious of any complacency creeping in after more than doubling in size in the last five years. The firm recorded another year of double-digit growth internationally in 2018/19, up 11% to €304 last year and with non-UK revenue growing slightly to account for 44% of turnover. Growth was …
Continue reading “Not about PEP: OC looks long-term after surpassing €300m with 11% revenue growth”
Addleshaw Goddard managing partner John Joyce ‘would never have dreamed’ the firm would grow by more than 60% since his appointment in 2014. But despite that strong growth trajectory, as well as profit per equity partner (PEP) growth of 89% and a £90m improvement in its cash position to £59m of reserves since the 2013/14 …
DWF has landed its first major post-IPO client win after securing a five-year managed legal services mandate for BT’s insurance and real estate work. Up to 40 lawyers from BT’s in-house legal team of nearly 400 staff could transfer from BT to DWF by the end of this year as part of the deal, which …
Mishcon de Reya is considering options for raising capital in a bid to fund its ‘ambitious plans’ for growth, including a possible initial public offering (IPO). Sky News reported on Saturday (20 July) the firm is looking to either list on the stock exchange or sell a stake to a private equity investor to raise …
Continue reading “Spin-offs likely as Mishcon ‘considering all options’ for a capital raise”
