Akin Gump falls short of last year’s City revenue surge amid global growth and lateral push

Akin Gump falls short of last year’s City revenue surge amid global growth and lateral push

The London office of Akin Gump Strauss Hauer & Feld may have failed to maintain 2018’s pacy revenue growth of 28% on the back of a restructuring bonanza, but globally the firm has reported steady global growth amid a sustained lateral push.

City turnover was broadly flat in 2019, rising only 1% to $125.1m from $123.5m after an exceptional 2018 that saw revenue surge dramatically from $96.2m. The global picture was stronger, with gross revenue increasing 6% from $1.07bn to $1.135bn and profit per equity partner (PEP) rising 8% to $2.6m from $2.4m the previous year. Continue reading “Akin Gump falls short of last year’s City revenue surge amid global growth and lateral push”

Cadwalader London revenue down again despite strong global performance

Cadwalader London revenue down again despite strong global performance

Cadwalader, Wickersham & Taft has seen its London revenue drop for the second year in a row, falling 4% to $41.3 in 2019.

Following a 13% fall to $43.1m in 2018, the figure is a far cry from the $50m it recorded in 2017 and comes despite the firm posting a solid 9% global revenue growth to $459m. Continue reading “Cadwalader London revenue down again despite strong global performance”

‘International is the growth engine’: DWF eyes US after £42.5m Spanish acquisition

‘International is the growth engine’: DWF eyes US after £42.5m Spanish acquisition

DWF is looking to crack the US market with an acquisition which would likely surpass its £42.5m deal for a Spanish law firm announced today (11 December).

The firm, which became the UK’s sixth and largest law firm to list in March this year, announced the acquisition of 40-partner Rousaud Costas Duran (RCD) alongside its half-year results, adding 400 staff across offices in Madrid, Barcelona and Valencia. RCD reported revenue of €35.7m last year. Continue reading “‘International is the growth engine’: DWF eyes US after £42.5m Spanish acquisition”