Allen & Overy (A&O) has soared ahead of its Magic Circle competitors, increasing its revenues by 16% to £1.52bn, while profits per equity partner (PEP) also rose by a significant 25%.
Continue reading “Allen & Overy posts pace-setting 25% rise in PEP with top line reaching £1.52bn”
It has been a mixed financial year for Anglo-Australian firm Herbert Smith Freehills (HSF), which recorded double-digit revenue growth bolstered by a strong run of disputes work, while profit per equity partner (PEP) fell slightly in what the firm attributed to the ‘volatile global economy.’
Lord Neuberger, president of the UK Supreme Court, has defended London’s prospective status as a legal hub in the international sphere after Brexit, in a 3 July speech in London.
Clifford Chance (CC) has become the third Magic Circle firm to announce its 2017 results, with revenues up 11% to £1.54bn while profits per equity partner (PEP) has leapt to £1.37m.
An Allen & Overy (A&O) team is advising UK company Worldpay on its £9bn sale to US payment processor Vantiv, the largest US merchant acquirer by transaction volume, in its bid to cover the global market.
Continue reading “Skadden and A&O act on Vantiv’s £9bn buyout of UK payment processor Worldpay”
Charles Russell Speechlys (CRS) has opened its first Asian office in Hong Kong, with the hire of two lateral partners to form a new team, days ahead of a new Dubai office launch.
Continue reading “Charles Russell hires Hong Kong duo to enter Asia’s burgeoning high net market”
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.
