Baker & McKenzie UK arm’s LLP accounts for the year ending 30 June 2014, filed at Companies House this week, show operating profits fell some 13% from £48.2m in 2012/13 to £42.1m in 2013/14.
Technology and outsourcing boutique Radiant Law is making good on its ambitions to shake up traditionally conservative forms of providing legal services after revealing revenues of £3m for the 2013/14 financial year, doubling on the previous year, while chief executive Alex Hamilton has further plans to double lawyer headcount by 2017.
Norton Rose Fulbright’s UK registered limited liability partnership (LLP) has recorded a near 4% increase in profit for the 2013/14 financial year alongside a 6.3% reduction in total borrowings while Fieldfisher’s net debt nearly doubled as the firm saw its profits decline.
Pinsent Masons’ latest accounts, filed at Companies House, reveal a 3.7% profit increase alongside a 5.9% rise in headcount in the financial year to 30 April 2014, while the firm’s net debt nearly tripled.
Ashurst‘s first post-merger limited liability partnership (LLP) accounts show the firm’s operating profit increased 10.5% from £193.8m to £214.2m for the financial year ending 30 April 2014 as it contained staff costs and increased turnover.
Clifford Chance’s turnover picked up 7% in the financial year 2013/14, as Asia Pacific led the way with a 8.9% boost, according to accounts filed at Companies House.
Dentons has continued its rapid expansion with the addition of a new South African office in Johannesburg, while accounts filed at Companies House by Dentons UKMEA LLP have revealed the firm saw a substantial rise in profits as it lowered operating costs and improved turnover.
In the first full year of accounts since it merged, Herbert Smith Freehills has revealed its borrowings fell from £178m at the end of the 2012/13 financial year to £141m.
DLA Piper‘s European, Asian and Middle Eastern operations suffered a fall in revenue from £800m to £787.5m for the 12 months to 30 April 2014.
DAC Beachcroft’s latest LLP fillings at Companies House have revealed the firm’s profits available for division among members fell by 18.3% from £31.2m in the 2012/13 financial year to £25.5m in the year to 30 April 2014 as staff costs rose and the firm booked the cost of an IT failure.