DAC Beachcroft has announced today (14 August) its tenth consecutive year of revenue growth, with a total turnover of £326.5m, reflecting a 9% increase from last year’s £300m. Continue reading “‘A real sense of momentum’: DAC Beachcroft marks tenth year of consecutive revenue growth”
The FCA has rolled out its listing rules reforms in a move that aims to reinvigorate the UK’s ailing capital markets. But will the changes be enough to make up for more than a decade of sluggish performance?
Sidley Austin has hired five sponsor-side leveraged finance partners from Latham & Watkins in London, led by Jayanthi Sadanandan and Sam Hamilton. Continue reading “Sidley snaps up five-partner Latham team as US firms continue battle for London talent”
Pinsent Masons has reported a 7.2% increase in turnover to almost £650m, marking another successful year of revenue growth for the international firm.
Revenue hit £649.6m, up from £605.9m last year, although growth was slower than last year, when the firm posted a 14% hike. Meanwhile, profit per equity partner (PEP) dipped very slightly to £793,000, down by less than 1% from £797,000. Continue reading “Pinsents and TLT post revenue growth as results season continues”
Irwin Mitchell has broken through the £300m mark for the first time, with revenues rising 10% on the back of a series of acquisitions and expansion.
For the year ending 30 April, the firm posted record revenues of £304.3m, up on last year’s £276m. Group profit before tax also rose significantly, reaching £21.7m, up 45% from £15m last year.
In another boost for Paul Hastings’ London office, the US firm has recruited structured finance specialist Brian Maher as a partner from Weil Gotshal & Manges.
Maher, who is a Legal 500 leading individual for securitisation, will be accompanied by counsel Sophie Bainbridge and associate Emily Firmston.
Continue reading “Paul Hastings continues run of London structured finance laterals with Weil hire”
From the age of 10 I knew that I wanted to be a lawyer. The first lawyer I ever met was a close family friend. She had just qualified and spoke so passionately about the work she was doing, Being in and out of court sounded so exciting, the work was varied and fast paced and I knew this was something I wanted to be a part of. At that time the profession was heavily male dominated and having a strong female role model, and someone to aspire to was so important. I went on to do my research and did lots of work experience from the age of 16 in different firms, from local high street practices to larger national, commercial firms. Whilst I realised it wasn’t all glamorous – I was hooked! As I continued throughout my education, it became clearer that law fit my natural skillset and when I went on to do my LPC, it was the collaborative and problem-solving element of the work that interested me. Continue reading “The Client Profile: Gurdeep Boparai, Coventry Building Society”
Eversheds Sutherland has posted a modest 3% increase in revenue for its business outside of the US, with profits remaining flat amid what the firm described as ‘challenging economic conditions’.
Revenues for Eversheds Sutherland (International) – which reports separately to the firm’s US arm – rose from £730.9m to £749.4m, with profit per equity partner (PEP) inching up by less than 1% from £1.29m to £1.3m, and net profit flatlining at £175.1m.
‘The UK competition practice has been transformed by Brexit’ observes Nick Levy, a partner in Cleary Gottlieb’s London antitrust team.
It’s well documented that since the UK’s exit from the EU, the Competition and Markets Authority (CMA) has embraced a position of intensified scrutiny, leading to parallel investigations and outcomes with the European Commission (EC). Continue reading “Antitrust renaissance: navigating deals amid agency crackdowns”
Transfer window stays open for summer as Paul Weiss picks up Kirkland City funds partner and Goodwin hires from Dechert.
Dentons posts solid 2023-24 financial results showing UK, Ireland and Middle East regional revenue up 6% after slight dip last year Continue reading “Dentons’ UKIME revenue growth picks up pace with 6% rise”
In the last two years, how has the ESG practice group grown at the firm?
Anya George: One notable characteristic of our group now is that it is truly multidisciplinary. We possess expertise in both transactional matters and disputes. In recent years, we have placed increased emphasis on financial market regulation, greenwashing, and carbon credits—areas where many of our competitors lack expertise. In Switzerland, there has been a noticeable rise in requests for advice on ESG matters across the board, although understanding due diligence and reporting requirements remains a primary concern for our clients. Continue reading “ESG in Switzerland: Schellenberg Wittmer Q&A”
Turning the page on last year’s disappointing financial performance, when revenue nudged up by just 1% and profit per equity partner (PEP) stayed flat, Travers Smith today (29 July) announced record-breaking results for 2023-24.
Revenue passed £200m for the first time, reaching £215m —a nearly 10% increase from last year’s £197.5m.
Leading the high-profile moves this week, Paul Weiss hired Akin restructuring partner Liz Osborne in London for its much-anticipated European practice launch.
Leaving Akin after almost a decade at the US firm, Osborne will join Paul Weiss as the head of European restructuring. Continue reading “Revolving Doors: Paul Weiss makes European restructuring bow as Dentons hires in new global CEO”
Latham & Watkins, Freshfields Bruckhaus Deringer and A&O Shearman are among the most-nominated firms at the 27th annual Legal Business Awards, the shortlist for which has been unveiled today (click here for the full list of nominees).
The trio, which have a total of 18 nominations between them, are all up for the prestigious Law Firm of the Year prize. To win, they will have to see off competition from fellow nominees Brodies, Burges Salmon, Freeths, Osborne Clarke, Pinsent Masons and Paul Weiss at the ceremony on 17th September at Grosvenor House.
McDermott Will & Emery has become the latest firm to increase pay for London associates, raising salaries for newly qualified (NQ) associates to $225,000 as competition for talent among firms in the City intensifies. Continue reading “‘At the top of UK associate compensation’ – McDermott hikes London NQ pay to $225k”
Shopping centre owners have weathered a difficult few years, with the rise of e-commerce, Covid and the cost of living crisis causing much grief for those with stakes in bricks and mortar retail.
There is cause for optimism, however, with private equity firm L Catterton’s acquisition of Hammerson’s £1.5bn stake in Value Retail – owner of the Bicester Collection – emblematic of increasing confidence in the sector, and raising hopes of a continued recovery in deal activity.
Taylor Wessing has become the latest firm to announce solid results for 2023-24, revealing a 9.5% increase in global revenue to £480.7m. Continue reading “‘Ambition remains high’: Taylor Wessing heads towards €1bn target with strong financials”
Simmons & Simmons and Bird & Bird have both posted revenue growth of 10%, as major UK firms continue to report healthy results for the last financial year.
Continue reading “Simmons & Simmons and Bird & Bird eye growth opportunities as both post 10% hike”
Clifford Chance (CC) has become the third magic circle to reveal its financial results for 2023-24, posting global revenue growth of 9% to £2.3bn, up from 5% last year. Continue reading “‘Great progress everywhere but fastest in the US’: CC posts 28% Stateside hike as PEP rebounds”
