Italian job: HSF hires two partners from Paul Hastings in Milan energy drive Thomas Alan Herbert Smith Freehills (HSF) has hired a six-strong energy and infrastructure team from Paul Hastings, with two partners and four…
Revolving doors: Baker McKenzie expands £40m City tax practice as Eversheds makes multiple hires Muna Abdi In a muted week for lateral recruitment, Baker McKenzie and Eversheds Sutherland made hires in the City, while Eversheds also grew on…
Change was necessary: Ashurst joins the war for talent with 9% NQ pay raise Nathalie Tidman City stalwart Ashurst has followed suit with peers in the Square Mile to raise the salary for newly-qualified solicitors (NQs), upping…
Continuing apace: Stevens & Bolton posts eighth year of growth amid 9% revenue rise Muna Abdi South East heavyweight Stevens & Bolton has completed its eighth successive year of growth, posting a 9% turnover increase to…
Dice falls in Linklaters’ favour as partner profits shoot up 10% and £100m added to top line Marco Cillario Linklaters has posted the strongest financial performance of its peer group with a 7% revenue uptick to £1.63bn and double-digit profit…
Not easy out there: A&O adds £75m to its top line amid muted PEP showing Nathalie Tidman Bringing up the rear of the Big Four City firms to post solid but unspectacular financial results, Allen & Overy…
Some challenges: Travers ups NQ pay range following 11% revenue growth and subdued PEP Muna Abdi Travers Smith has marked a tenth consecutive year of revenue growth with an 11% increase in turnover, although profit per equity…
Macfarlanes’ revenue continues to defy gravity but PEP holds steady Marco Cillario City stalwart Macfarlanes has posted a mixed bag of financial results as the ninth consecutive year of revenue growth failed to…
Gateley IPO pioneer Ward to stand down as chief executive Hamish McNicol The man who led Gateley in its pioneering move to become the first UK law firm to float on the public…
Pinsents holds back ‘significant’ investment from partner profits amid 7% revenue growth Hamish McNicol Pinsent Masons has ring-fenced ‘significant funds’ from partner profits in a bid to prioritise investing in the business, in turn cutting…
Revenue continues to fly at Bird & Bird as PEP growth lags behind Marco Cillario Global traveller Bird & Bird has recorded its 28th consecutive year of revenue growth, hiking its top line 7% to…
Knights eyes another four acquisitions after 51% revenue increase in first post-IPO results Thomas Alan Knights has produced a strong debut financial year following its AIM listing, with acquisitions and organic growth propelling the firm…
NRF hires the mind behind Barclays radical panel shake-up to launch legal ops consulting arm Marco Cillario Norton Rose Fulbright (NRF) is making an ‘offensive move’ against the Big Four on legal operations consulting with the hire of…
Revolving doors: Ashurst bolsters project finance as Eversheds expands in the Netherlands Muna Abdi In a week dominated by European hires, Ashurst and Dentons turned to the City with hires in project finance and data privacy,…
Ashurst set to reach £1m PEP target after 31% surge as revenue tops £641m Nathalie Tidman Paul Jenkins, Ashurst’s indomitable managing partner, is aiming to reach profit per equity partner (PEP) of £1m in the next…
Getting on with it: resilient market provides growth for Scottish independents Hamish McNicol Scottish independents Brodies and Shepherd and Wedderburn have continued their strong growth tracks despite ongoing uncertainty. Brodies, Scotland’s largest firm, had a…
In-house: Severn Trent open to extending panel beyond Eversheds’ sole-adviser role Anna Cole-Bailey Severn Trent group general counsel (GC) Bronagh Kennedy (pictured) is keeping an open mind as to how many firms will…
Corporate picks up disputes slack as HSF profits climb 11% Thomas Alan Revenue growth at Herbert Smith Freehills (HSF) remains sluggish after a strong year for the corporate practice was offset by a…
We’re in control: DACB clears debt as revenue lifts 6% in ‘more difficult’ market Hamish McNicol DAC Beachcroft (DACB) has cleared nearly £40m of debt in about four years, providing the icing on a financial cake…
Prohibitively expensive: Pinsent lands £25m litigation funding deal Muna Abdi Pinsent Masons has secured a £25m preferred-supplier deal with litigation funder August Ventures to offer ‘non-recourse’ funding at better terms than…
