Taylor Wessing’s UK PEP shoots up 20% as global revenue exceeds the £300m mark

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In another early sign of a good 2017/18 for UK firms, Taylor Wessing has followed up on a disappointing performance last year with a solid 12% revenue growth to £144.6m for its UK business. In what UK managing partner Tim Eyles (pictured) described as the firm’s ‘best year yet’, UK profits per equity partner (PEP) rebounded …

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CMS cites ‘19%’ UK profitability hike as turnover tops £500m in first post-merger results

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CMS cites ‘19%’ UK profitability hike as turnover tops £500m in first post-merger results

CMS Cameron McKenna Nabarro Olswang has released a selection of financial highlights for the year following its three-way merger but disappointingly kept some key metrics under wrap. The firm revealed today (14 June) that the 25 offices in its UK LLP turned over £518m in the year to April 2018, £29m up on the consolidated results …

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Another record year for Fieldfisher as ‘more international’ firm breaks £200m barrier

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Another record year for Fieldfisher as ‘more international’ firm breaks £200m barrier

Fieldfisher’s leader believes the firm has a ‘very happy partnership’ after cementing its position as the mid-market pace setter with a 24% increase in revenue this year. The firm turned over £207m globally, largely as a result of organic growth in a 2017/18 financial year less defined by international expansion than previous periods. Profits per …

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Dentons delivers 36% PEP turnaround on ‘strongest ever’ financial results in UK and Middle East

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Dentons delivers 36% PEP turnaround on ‘strongest ever’ financial results in UK and Middle East

The global management of Dentons are well known sceptics of the significance of profit per equity partner (PEP) but its UK and Middle East business is happily talking up 36% growth in the metric, rebounding from last year’s drop to boast a £651,000 figure. The firm released today (8 June) what regional chief executive Jeremy Cohen …

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Milbank bids up associate pay as surprise moves takes City associates to new $190k benchmark

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Milbank bids up associate pay as surprise moves takes City associates to new $190k benchmark

Despite much talk of client pressure on fees the determination to recruit top associates continues to build with one leading New York firm this week jolting the industry by announcing a record pay scale for its US and City associates. Milbank, Tweed, Hadley & McCloy on Monday (4 June) announced that its associates will earn between …

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‘I like new challenges’: Bakers securitisation veteran exits for Ashurst

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‘I like new challenges’: Bakers securitisation veteran exits for Ashurst

The rebuild at Ashurst following a complicated end to 2017 in which three key partners left in a fortnight has gained some traction with the hire of a senior City lateral from Baker McKenzie. Bakers’ former global co-head of securitisation Jonathan Walsh will leave the firm today (31 May) after 13 years and take a place …

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Looking east: Linklaters gets long-awaited Shanghai approval as CMS launches Hong Kong association

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Looking east: Linklaters gets long-awaited Shanghai approval as CMS launches Hong Kong association

Linklaters and CMS Cameron McKenna Nabarro Olswang have shown Asia is still high on the agenda of global law firms after each made moves to expand their presence in the region. The Magic Circle firm announced today (21 May) its lawyers will be able to practise local law in the Shanghai Free Trade Zone (FTZ) through …

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CMS, Fieldfisher and NRF among firms awarded spots on social housing regulator’s panel amid regime shake-up

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CMS, Fieldfisher and NRF among firms awarded spots on social housing regulator’s panel amid regime shake-up

CMS Cameron McKenna Nabarro Olswang, Norton Rose Fulbright (NRF) and Fieldfisher have been appointed to the Regulator of Social Housing’s (RSH) inaugural legal panel. Trowers & Hamlins, Devonshires and Mills & Reeve will also be in the roster of firms advising the government body, announced today (18 May), for a four-year term.

Reports of the death of CC’s sponsor practice prove exaggerated but surviving isn’t thriving

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Reports of the death of CC’s sponsor practice prove exaggerated but surviving isn’t thriving

Marco Cillario finds much more substance to CC’s PE business than the usual critique but stopping managed relative decline will only get harder ‘Look at the team they had in the mid-2000s: strong personalities, industry leaders, primary advisers to any significant private equity house. There has never been a team that strong in Europe. They …

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