‘Difficult circumstances’: Irwin Mitchell reports tenth consecutive year of growth albeit Covid-subdued

‘Difficult circumstances’: Irwin Mitchell reports tenth consecutive year of growth albeit Covid-subdued

After last year’s show-stealing performance when Irwin Mitchell’s profit soared 76% and revenue grew 9%, the firm has reported a more sedate 2019/20 financial year as the coronavirus pandemic continues to take its toll. The firm on Thursday (20 August) said turnover increased 2.4% to £269.3m from £263m the previous year, with profit before tax growing …

Freshfields refutes partner misconduct in handling alleged rape case as SRA confirms probe 

Freshfields refutes partner misconduct in handling alleged rape case as SRA confirms probe 

Just when Freshfields Bruckhaus Deringer probably thought its #MeToo woes were behind it, a fresh spotlight has been shone on a prominent partner over allegations of misconduct in handling an alleged rape case involving UBS and a Solicitors Regulation Authority (SRA) investigation underway. The matter came to light on Thursday (13 August) when the The …

Dealwatch: US firms take lead in quartet of Covid-driven transactions as bounceback continues

Dealwatch: US firms take lead in quartet of Covid-driven transactions as bounceback continues

Another prolific week in the deal world has seen US advisers dominate on an eclectic mix of transactions driven largely – and for different reasons – by the ongoing coronavirus crisis. Advent’s €1bn investment in the UK and German businesses of delivery company Hermes, Bayer’s acquisition of KaNDy Therapeutics, the restructuring of cash forex provider Travelex and …

DLA shakes off coronavirus jitters to crack £2bn global revenue amid 7% profit hike 

DLA shakes off coronavirus jitters to crack £2bn global revenue amid 7% profit hike 

DLA Piper has pulled off a fifth consecutive year of profit growth for its International LLP while breaking the £2bn barrier for global turnover and exceeding £1m in profit per equity partner (PEP). The eye-catching set of results will be a shot in the arm for the firm, even as the coronavirus pandemic continues to threaten …

‘Year of two halves’: Coronavirus takes gloss off financials for OC as revenue lifts 5% and profit drops

‘Year of two halves’: Coronavirus takes gloss off financials for OC as revenue lifts 5% and profit drops

Osborne Clarke’s latest financial results have proven to be a mixed bag as it recorded a 5% uptick in international revenue to €318m even as profit fell amid a year of investment. Nevertheless, the revenue uplift from last year’s €304m is a positive showing and stands out as a 63% increase over five years. 

Dealwatch: Sign of the times as elite firms tap into $6.8bn IP deal, beleaguered restaurants buyout and oligarch asset disposal

Dealwatch: Sign of the times as elite firms tap into $6.8bn IP deal, beleaguered restaurants buyout and oligarch asset disposal

Difficult as it may be to imagine an upside amid a pandemic, clients have proved surprisingly resourceful in the face of adversity, handing corporate advisers on both sides of the pond opportune mandates in the past week. CPA Global’s investment in New York-listed analytics business Clarivate was particularly notable, not least because of the $6.8bn …

‘Not out of the woods yet’: Coronavirus puts the kibosh on Travers’ decade of revenue growth amid profit dive

‘Not out of the woods yet’: Coronavirus puts the kibosh on Travers’ decade of revenue growth amid profit dive

Travers Smith has suffered one of its biggest financial setbacks due to the coronavirus pandemic, recording an 11% slump in net profit and a 20% fall in profit per equity partner (PEP), its provisional results revealed.  The provisional figures, announced on Thursday (30 July) show a 1% revenue drop to £160.9m from £162.5m last year, …

‘High levels of uncertainty’: Eversheds braces for testing times amid robust revenue and profit lift

‘High levels of uncertainty’: Eversheds braces for testing times amid robust revenue and profit lift

While few global firms expect to emerge unscathed from the Covid-19 crisis, Eversheds Sutherland (International) has nevertheless followed many peers in reporting robust revenue and profit increases in the 2019/20 financial year.  The figures released on Thursday (30 July) for the non-US parts of the business struck a bullish tone, with revenue up a solid …