Taylor Wessing’s UK PEP shoots up 20% as global revenue exceeds the £300m mark

Taylor Wessing’s UK PEP shoots up 20% as global revenue exceeds the £300m mark

In another early sign of a good 2017/18 for UK firms, Taylor Wessing has followed up on a disappointing performance last year with a solid 12% revenue growth to £144.6m for its UK business.

In what UK managing partner Tim Eyles (pictured) described as the firm’s ‘best year yet’, UK profits per equity partner (PEP) rebounded to grow 20% and hit £579,000 after last year’s 6% drop to £481,000. Continue reading “Taylor Wessing’s UK PEP shoots up 20% as global revenue exceeds the £300m mark”

CMS cites ‘19%’ UK profitability hike as turnover tops £500m in first post-merger results

CMS cites ‘19%’ UK profitability hike as turnover tops £500m in first post-merger results

CMS Cameron McKenna Nabarro Olswang has released a selection of financial highlights for the year following its three-way merger but disappointingly kept some key metrics under wrap.

The firm revealed today (14 June) that the 25 offices in its UK LLP turned over £518m in the year to April 2018, £29m up on the consolidated results of the three legacy firms Cameron McKenna, Nabarro and Olswang, which merged in May last year. Continue reading “CMS cites ‘19%’ UK profitability hike as turnover tops £500m in first post-merger results”

Another record year for Fieldfisher as ‘more international’ firm breaks £200m barrier

Another record year for Fieldfisher as ‘more international’ firm breaks £200m barrier

Fieldfisher’s leader believes the firm has a ‘very happy partnership’ after cementing its position as the mid-market pace setter with a 24% increase in revenue this year.

The firm turned over £207m globally, largely as a result of organic growth in a 2017/18 financial year less defined by international expansion than previous periods. Profits per equity partner (PEP) also grew by a healthy 17% to £750,000. Continue reading “Another record year for Fieldfisher as ‘more international’ firm breaks £200m barrier”

Dentons delivers 36% PEP turnaround on ‘strongest ever’ financial results in UK and Middle East

Dentons delivers 36% PEP turnaround on ‘strongest ever’ financial results in UK and Middle East

The global management of Dentons are well known sceptics of the significance of profit per equity partner (PEP) but its UK and Middle East business is happily talking up 36% growth in the metric, rebounding from last year’s drop to boast a £651,000 figure.

The firm released today (8 June) what regional chief executive Jeremy Cohen described its ‘strongest ever set of financial results’, in which its top line grew 22% to £203.1m. Continue reading “Dentons delivers 36% PEP turnaround on ‘strongest ever’ financial results in UK and Middle East”

‘We can’t grumble’: Osborne Clarke looks to capitalise on double-digit growth streak

‘We can’t grumble’: Osborne Clarke looks to capitalise on double-digit growth streak

Osborne Clarke (OC)’s leadership duo had two reasons to party in Brussels overnight: it has been five years since the firm opened an office there, and the latest financial results confirmed a five-year average of double-digit revenue growth.

OC posted double-digit growth in both global and UK revenue for the 2017/18 financial year, up 14% to €273m and 15% to £139.3m respectively. Growth rates for both businesses are ahead of last year’s 12% and 7% increases, although down on growth from the year before that. Continue reading “‘We can’t grumble’: Osborne Clarke looks to capitalise on double-digit growth streak”

‘A clear validation of our strategy’: Eversheds bounces back with double-digit revenue and profit growth

‘A clear validation of our strategy’: Eversheds bounces back with double-digit revenue and profit growth

In its first full financial year since its transatlantic merger, Eversheds Sutherland (International) has recorded a robust increase in both revenue and profit per equity partner (PEP).

In revenue terms – which apply to the legacy Eversheds portion of the business – the firm saw a 13% increase from £438.6m to £494.6m. PEP, meanwhile, grew by a similar margin of 12% from £726,000 to £812,000 – the highest-ever PEP figure achieved by the firm. Continue reading “‘A clear validation of our strategy’: Eversheds bounces back with double-digit revenue and profit growth”