Regional firms are experiencing mixed fortunes. Can they take advantage of a less London-focused client base? Regional and national firms dominate the second half of the Legal Business 100 (LB100), but typically they do not enjoy the same success as the London-based firms that also occupy the lower end of the table. This year, 32 …
Continue reading “LB100: The Second 50 – The Lion & the Unicorn”
South East heavyweight Stevens & Bolton has revealed a 13% hike in revenue for 2014/15 to a record high of £22.3m, putting it on the cusp of the Legal Business 100, while profits per equity partner continue to outgun many larger firms, passing £400,000.
It has been a year of management and team departures but Olswang today reported that its revenues for the financial year 2014/15 are up 8% to £126.7m from £117.6m, while profits per equity partner (PEP) are expected to hold steady at £490,000.
As has been the case since its merger with Barlow Lyde & Gilbert in 2011, Global 100 firm Clyde & Co has posted strong revenue and profit growth on the back of an expansive year. The firm has today (23 June) reported an 8% revenue increase for 2014/15 to £395m, while profit per equity partner …
Continue reading “Business as usual: Clydes posts 10% PEP rise as revenues close in on £400m”
An interesting battle is raging in Scotland on levels large and small. In early May, the Scottish National Party (SNP) swept to victory in 56 of the 59 seats available to it in the General Election and party leader Nicola Sturgeon pressed prime minister David Cameron to revisit the draft legislation on devolving more powers …
Continue reading “Comment: Be wary of vaulting ambition as competition ramps up in Scotland”
Devolution, nationalism and the dramatic shake-up in its political landscape – it’s been another turbulent period for Scots law firms. In the early hours of 8 May, Alex Salmond, the former leader of the Scottish National Party (SNP), delivered his victory speech after being returned to Westminster as MP for the constituency of Gordon, Aberdeenshire, …
An interesting battle is raging in Scotland on levels large and small. In early May, the Scottish National Party (SNP) swept to victory in 56 of the 59 seats available to it in the General Election and party leader Nicola Sturgeon pressed prime minister David Cameron to revisit the draft legislation on devolving more powers …
Continue reading “Be wary of vaulting ambition as competition ramps up in Scotland”
Law firms have benefited from a relatively settled risk environment, despite a run of crisis-linked claims. But Legal Business’ annual risk survey finds dangers new and old lurking beneath the surface. On the face of it, news in December 2014 that the number of professional negligence claims against solicitors had tripled in a year, based …
It has been a long time in the offing but Pinsent Masons today (6 March) announced the launch of an infrastructure sector-focused practice in Melbourne and Sydney.
Happy New Year and welcome to the first Friday Edit of 2015, our weekly review of the top stories to emerge from Law Land over the past five days. Click here for full access to Legal Business or email mark.proudley@legalease.co.uk for more information. Corporate subscribers can also access our premium reporting firm-wide online and via …
Continue reading “The Friday Edit: New year, new partners and a new world order in finance”
