Ashurst revamps partner capital system

News that Ashurst is adopting a capital contribution system for partners this year finally brings the City International firm in line with the rest of its major rivals in the City. As part of the reorganisation, each Ashurst equity partner will be asked to pay in a one-off capital contribution based on the number of …

LB100 Scotland – Flying the Saltire

One firm in particular again stands out from the morass of misery that has beset the Scottish legal market in recent years, as it did last year: Brodies. Brodies has recorded one of the highest real-term turnover increases this year in the entire LB100: up 16% to £42.8m, leapfrogging Shepherd and Wedderburn, which has remained …

LB100 North – Northern Soul

The line-up of North peer group firms has changed again. Following the departures of DWF and Hill Dickinson to the Major UK group last year, Weightmans joins them after 2011’s merger with Mace & Jones and the acquisition of Vizards Wyeth’s insurance team propelled the firm’s revenues into the big league. Last year Weightmans was …

LB100 South – Down South

The situation remains typically sluggish in the South, where firms continue to tread water as far as profits are concerned and struggle for market share in this hugely competitive region. Yet again, most firms in this peer group suffered flat or declining turnover and many have reported falling equity partner numbers; both signs that, despite …

LB100 City Domestic – A Tale of Two Cities

It was the best of times. It was the worst of times. In a year where eurozone turbulence rocked the continental market and wider global growth failed to meet forecasts, being a solely UK-based firm seemed like a good bet. Well, for some at least. Variability has always been a feature of the London peer …