‘In control of our own destiny’: Burness Paull staff get 7.5% bonus as firm posts double-digit revenue and profit growth

As McClure Naismith reveals its difficulties in the Scottish market today (20 August), Burness Paull has shown it is not all doom and gloom for independent Scottish firms by posting double-digit growth in both turnover and profits, with revenues increasing by 11% to £51.3m and profits up 12% to £23.2m.

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Insurance specialists face tough times as Ince & Co’s revenues fall 8% and Kennedys flatlines

While mid-tier firms continue to reveal solid returns for the 2014/15 financial year, those focused on insurance are suffering from the challenges in the sector with Ince & Co posting a drop in revenues and Kennedys revealing 1% turnover growth.

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A&O leads City’s big four amid subdued results

Firm posts 8% PEP hike and 4% revenue increase

With all of the Magic Circle financial results in, Allen & Overy (A&O) has outperformed its peers in an otherwise muted year of growth for the London elite, which saw both Clifford Chance (CC)’s and Freshfields Bruckhaus Deringer’s profitability drop.

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Global 100 – Market Comment 2015: Word from the World

From an intensely competitive market in Asia to renewed fears of states breaking from the EU, law firm leaders give us the global perspective.

Done deals

‘It is encouraging that the factors contributing to a high level of dealmaking over the past year remain in place, and we are optimistic that these conditions will sustain robust M&A activity, particularly in the telecoms/media and energy sectors, and consolidating industries, such as pharma and healthcare. We may see increased interest in inbound M&A into Europe as its economic recovery continues.’

Eric Friedman, executive partner, Skadden, Arps, Slate, Meagher & Flom

Asia struggle

‘Most people underestimate how competitive it is in Asia to win work against UK and US firms. Clients are very selective and it’s very price competitive, even for the complex cross-border work. Everyone is competing hard to get to know the client.’

Stuart Fuller, global managing partner, King & Wood Mallesons

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