King & Spalding posts stronger year globally with UK revenue up 12%

King & Spalding posts stronger year globally with UK revenue up 12%

US outfit King & Spalding notched a 12% growth in its UK business for 2018, with London revenue rising to $48.3m, up from $43.1m last year.

Meanwhile, firmwide revenues rose 9% to $1.26bn from $1.14bn in 2017, while firmwide profit per equity partner rose 9% to $2.85m. The results in London in particular mark a stronger performance for the firm, after only managing to inch revenue forward 1% last year from $42.6m to $43.1m. Continue reading “King & Spalding posts stronger year globally with UK revenue up 12%”

Goodwin London revenue surges 60% as European hiring spree pays off

Goodwin London revenue surges 60% as European hiring spree pays off

Goodwin Procter’s City arm grew at more than three times the pace of the firm globally in 2018, hitting $66.8m in the year in which the firm launched a European life sciences practice.

The eye-catching 58% growth in London from $42.3m came as Goodwin’s global turnover rose 16% to $1.2bn, profit per equity partner was up by 14% to $2.46m and revenue per lawyer 10% to $1.25m. Continue reading “Goodwin London revenue surges 60% as European hiring spree pays off”

‘Poised for great things’: White & Case City revenue tops $350m as Milbank sees 25% turnover spike

‘Poised for great things’: White & Case City revenue tops $350m as Milbank sees 25% turnover spike

White & Case’s expansive London office was responsible for 17% of firm-wide revenue as Milbank Tweed Hadley & McCloy has a hiring spree to thank for its pace-setting 25% uptick in City turnover.

White & Case’s City revenue was up 7% to $350m, as firm-wide revenue increased 13.7% to break the $2bn mark at $2.05bn. Profit per equity partner grew 6% to $2.40m and revenue per lawyer increased by 7.8% to reach $954,000 from last year’s $885,000. Continue reading “‘Poised for great things’: White & Case City revenue tops $350m as Milbank sees 25% turnover spike”