King & Spalding‘s London revenue dipped by 8%, while Covington & Burling‘s City turnover went the other way, improving by 9% for the calendar year 2016. Continue reading “A tale of two firms: K&S London turnover drops by 8%, while Covington ups City revenue by 9%”
The European offices at Paul Hastings had a record year in 2015, with profit increasing by 50% from £20.2m to £30.2m. The firm also posted a 16% increase in revenue from £82.5m to £96m, according to filings at Companies House for the year ending 31 January 2016. Continue reading “‘Strategic progress’: Paul Hastings posts 16% revenue rise in Europe to £96m”
White & Case increased its turnover in 2015 by 39% across its UK and Africa offices with figures jumping by £60m to £214.9m. The revenue leap follows a strong 2014 when the firm posted a 12% top line increase.
Boies, Schiller & Flexner has filed its first office revenues since launching in the City raking in £7.6m through to the end of October 2015.
Despite a poor global performance last year, London revenue at Baker & McKenzie rose 9% in the same period to £145m, as the firm’s City headcount remains flat.
While a handful of high-profile departures has meant Kirkland & Ellis has been the subject of much speculation in the City lately, the firm’s non-US revenue is up around 10%, growing faster than the firm’s overall revenue, driven by London growth.
Finance company Fairpoint Group, which in recent years has pushed into the legal market with the acquisitions of Simpson Millar and Colemans, has posted annual revenue of £31.6m from its legal services division. The figure is a 165% jump on the £11.9m brought in last year.
Milbank, Tweed, Hadley & McCloy has become the latest firm to post flat results following the economic slowdown in some of its key markets, including energy and infrastructure, as its London office put in a strong 6% revenue increase to $110.2m.
Reed Smith has reported global revenues fell 2.5% in 2015 to $1.12bn from $1.15bn, while profits per partner were lower by 8.1%, which the firm has said is due to poor commodity prices and early resolution of some litigation matters.