White & Case‘s most recent limited liability partnership (LLP) accounts filed at Companies House show turnover at its UK and Africa offices increased 12% in the financial year ending December 2014.
With two mergers under its belt in 2014, CMS has unveiled double digit growth in revenue for the financial year ending 31 December 2014 with turnover up by 11% to €934.5m (£753.3m).
Co-operative Group Legal Services (CLS) has seen its revenue decline by almost a third to £23m in 2014 from £33m in 2013 due to a drop in ‘personal injury income following regulatory changes to referral fees’.
Jaishree Kalia assesses the winners and losers as the US reporting season kicks off
The broad-based economic recovery in the US proved a boon to many leading advisers in 2014, with firms enjoying a resurgence in corporate work, and robust levels of disputes and regulatory activity.
Debevoise & Plimpton has posted a 3% rise in revenue for 2014 to $710m, up nearly $22m on 2013, while partner profits have also increased by 3%.
After years of breakneck expansion, DLA Piper is increasingly into a phase of managing and refining its 80-office global practice, at least according to the firm’s recently-announced results for 2014.
Re-enforcing what is already shaping up to be a robust year for major US-bred advisers, Reed Smith is the latest major law firm to announce robust growth with revenues rising 7% in 2014 to reach $1.15bn. Continue reading “Letter from America – Reed Smith puts in confident 2014 showing with revenues up to $1.15bn”
Quinn Emanuel Urquhart & Sullivan has become the first US firm to release its London office figures for 2014, boasting a 33% increase in revenues and 44% for profits and rebounding from the sharp drop in turnover experienced in 2013.
US financials 2014: King & Spalding breaks the $1m revenue per lawyer figure alongside 8% revenue boost
King & Spalding is the latest US firm to post its financials for 2014, and has unveiled a respectable 8% increase in revenue to $934m from $861.4m, while it has notably surpassed the $1m revenue per lawyer threshold with a 7% rise to $1.055m for the first time in the firm’s history.
US firms’ financials are continuing their positive trend, with recent releases showing revenue spikes and profit boosts including for Davis Polk & Wardwell and Paul, Weiss, Rifkind, Wharton & Garrison which both broke the billion-dollar mark in gross revenues last year.