RPC’s 2016/17 global profits fell 8% to £26.4m, down from last year’s £28.5m, in a year of investment and external challenges for the firm. Growth in turnover also slowed, reaching £103m, a modest 2% rise on the previous year.
Continue reading “‘Below our expectations’: RPC profits down 8% as revenue edges up to £103m”
Following another expansive year, led by a new global senior partner, Clyde & Co has again posted a double-digit rise in its global revenue, passing the half-billion-pound mark to reach £508.1m.
Fieldfisher has combined with Bologna firm Lucchini Gattamorta & Associates (LGA) as it opens its fifth outpost in Italy, continuing this year’s global expansion spree.
With a broad set of hires towards the end of June, Jury O’Shea hired a former Stewarts commercial litigation partner, Simmons & Simmons added to its Frankfurt financial markets team and Herbert Smith Freehills bolstered its Dubai corporate group.
Hogan Lovells is set to offer advice to through a new financial services regulatory consulting practice, hiring former PwC regulatory consulting practice director Steve Murphy to lead the business.
Norton Rose Fulbright has completed its combination with Manhattan-headquartered Chadbourne & Parke, strengthening its North and Latin American presence with a focus on the financial sector, its chief executive said.
Continue reading “US growth: Norton Rose Fulbright joins up with Chadbourne & Parke”
A former US Dentons associate is facing a criminal complaint of extortion against the firm after allegedly threatening to leak confidential information to a US legal blog unless Dentons paid him $210,000.
Continue reading “Dentons US associate charged with extortion after blackmail threats against firm”
National firm Shoosmiths has posted a 9% rise in revenue from £107m to £116.7m, but profit per equity partner (PEP) at the firm has remained flat at £366,000.
Continue reading “Financials 2017: Shoosmiths posts 9% hike in revenue while PEP remains flat”
Bird & Bird has recorded its 26th year of turnover growth, with global revenues for 2016/17 up 5% in euros to €361m from €343.8m, which translates to a 11% increase in sterling from £273.8m to £303.2m.
A year after recording the standout financial performance of the Magic Circle, Freshfields Bruckhaus Deringer has posted flat turnover for 2016/17 with a top line of £1.33bn.
Dentons has revealed the 2016/17 financial results for its UK, Middle East and Africa (UKMEA) LLP, showing a 9% fall in profit per equity partner (PEP) in the region to £481,000 and a modest 1% increase in revenue to £166.4m. A year ago, PEP was £530,000 and revenue £165m.
Continue reading “‘More difficult UK market’: Dentons’ UKMEA PEP drops 9% as turnover slows”
Law Firm of the Year Mishcon de Reya has posted yet another outstanding set of financials for 2016/17, with turnover up 17% to £149.4m – meaning revenues have doubled since 2011/12 when the firm’s top line was £73.1m.
Continue reading “Financials 2017: Mishcon breaking targets again as revenue doubles in five years”
After a subdued 2015/16 financial year, Pinsent Masons has broken the £400m barrier with revenues up 11% from £382.3m to £423.1m in 2016/2017.
Skadden, Arps, Slate, Meagher & Flom and White & Case advised HgCapital as it led a consortium of investors purchasing €4.64bn of stakes in Norwegian software company Visma, in one of Europe’s largest ever software buyouts.
Eversheds Sutherland, Macfarlanes, DLA Piper and Allen & Overy (A&O) are advising on Australia-headquartered Link Group’s £888m purchase of UK-based Capita Asset Services (CAS), in an European expansion bid by the business services firm.
Baker McKenzie has made up 80 new global partners, bringing this year’s partnership intake to 139, while electing Matthias Scholz as Germany and Austrian managing partner for three years.
Global revenue at Linklaters was up 9.8% in 2016/17 to £1.44bn, a record high for the Magic Circle firm, although the leap was largely due to the strong euro and dollar and the weak pound. In constant currency terms, revenue rose 1.7%.
Kennedys, which yesterday (28 June) announced an 8% rise in revenue, has acquired Manchester-based Berg & Co, bringing the firm’s 50 staff into Kennedys offices in the city.
Continue reading “‘A complementary fit’: Kennedys acquires Manchester outfit Berg & Co”
Andrew Grech, Slater and Gordon (S&G)’s group managing director has stepped down with immediate effect today (29 June) as part of a recapitalisation deal replacing the firm’s entire board, in an attempt to shore up financial resources. Continue reading “Slater and Gordon managing director Grech steps down amid major recapitalisation plan”
DLA Piper has continued its expansion in Africa with the acquisitions of Tunisian firm El Ajeri Lawyers, based in Tunis and Senegalese firm GENI & KEBE, based in Dakar. Continue reading “DLA builds up African presence with Tunisia and Senegal firm buyouts”
