City litigation specialist Signature Litigation has capped off a run of high-profile mandates to record a 16% uptick in revenue for the 2016/17 financial year.
The rise sees turnover climb to £11.95m. Under Signature’s profit-sharing scheme, 21% of profits were paid out to staff. Cumulative profits paid out by Signature over the last five years amount to 131% of salary. Signature’s structure sees ownership held more widely than the traditional equity partnership towards a co-operative model. Continue reading “Signature boosts revenue 16% as dispute boutiques sustain their ascendency”
Two of this year’s best-performing mid-pack firms in the Legal Business 100 (LB100), Watson Farley & Williams (WFW) and Fieldfisher, have continued their run of impressive form with their half-year 2017/18 results.
After quietly establishing itself as one of the strongest firms in the last financial year, WFW recorded a 13% jump in its 2017/18 half-year revenues. Turnover for the first six months of the financial year to 31 October grew to £76.1m, up from £67.6m the previous year. WFW co-managing partner Chris Lowe argued that the strong result was ‘clear evidence of the success of our industry sector-focused model despite a challenging macro-economic environment’. Continue reading “Mid-pack pacesetters go early with half-year financials as performance matches expectations”
Building on respectable 2016/17 results, Simmons & Simmons has announced a 12% hike in its half-year revenues to £167.3m.
The figure is up considerably on last year’s H1 result of £149.4m, and comes after the 900-lawyer firm went on a recruitment drive adding 27 partners since May 2017 (including 13 promotions). Simmons managing partner Jeremy Hoyland told Legal Business: ‘The Middle East and continental Europe continue to do well, with France and Italy being our strongest performers. We have also seen a little bit of swing back towards the transactional areas.’ Continue reading “International growth drives Simmons’ H1 revenues up 12% despite tough conditions”
After quietly establishing itself as one of the LB100’s strongest performers in the last financial year, Watson Farley & Williams (WFW) has recorded a 13% jump in its 2017/18 half-year revenues.
Turnover for the first half of the financial year to 31 October has grown to £76.1m, which is up from £67.6m on the previous year. WFW co-managing partner Chris Lowe (pictured) argued that the strong result was ‘clear evidence of the success of our industry sector-focused model despite a challenging macro-economic environment.’ Continue reading “Sector focus vindicated for Watson Farley & Williams as it maintains pace with 13% H1 revenue surge”
CMS UK has today (20 November) claimed profits have grown 25% in the six months since its three-way merger with Nabarro and Olswang. Meanwhile, DWF’s unrelenting push internationally has seen turnover grow 23% at the H1 2017/18 stage.
Following its tripartite merger on 1 May this year, CMS said H1 turnover for its UK business was more than 50% of its full-year budget, at £253m. Continue reading “Financials 2017/18: CMS claims 25% profit hike post-merger as DWF’s top line grows 23%”
AIM-listed law firm Gateley has posted a double-digit increase in revenues for this financial year, with turnover up 16% from £67.1m to £77.6m.
Continue reading “Financials 2017: Gateley posts double-digit revenue and profits rise in another strong year for listed firm”
Top 50 national firm Weightmans has today (6 July) posted a flat turnover of £95m, while profit is up 21% to £11m in what was a year ‘of great change and growth for the business.’
Continue reading “Financials 2017: Weightmans posts stable turnover with 21% profit increase to £11m”
Clifford Chance (CC) has become the third Magic Circle firm to announce its 2017 results, with revenues up 11% to £1.54bn while profits per equity partner (PEP) has leapt to £1.37m.
Continue reading “And then there were three: Forex drives CC’s income up £150m as City giant hikes partner profits 11%”
It has been a mixed financial year for Anglo-Australian firm Herbert Smith Freehills (HSF), which recorded double-digit revenue growth bolstered by a strong run of disputes work, while profit per equity partner (PEP) fell slightly in what the firm attributed to the ‘volatile global economy.’
Continue reading “Financials 2017: HSF reports ‘volatile’ year with 11% turnover hike as profit dips”
RPC’s 2016/17 global profits fell 8% to £26.4m, down from last year’s £28.5m, in a year of investment and external challenges for the firm. Growth in turnover also slowed, reaching £103m, a modest 2% rise on the previous year.
Continue reading “‘Below our expectations’: RPC profits down 8% as revenue edges up to £103m”