Rude health: White & Case City revenue soars 18% and PEP cracks $3m to defy Covid

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Rude health: White & Case City revenue soars 18% and PEP cracks $3m to defy Covid

White & Case has traversed the pandemic minefield to reveal its strongest City financial results yet, with the London office increasing revenue by 18% in 2020 to $397m from $337m in 2019.

The pacey London showing comes against a backdrop of global success and proved something of a resurgence, given disappointing results in 2019 when City revenue dropped 4% amid subdued global  turnover growth of 7%. Continue reading “Rude health: White & Case City revenue soars 18% and PEP cracks $3m to defy Covid”

Reality bites as Mason Hayes posts 6% revenue drop in bellwether  for Irish  firms

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Reality bites as Mason Hayes posts 6% revenue drop in bellwether  for Irish  firms

Legal Business’ recent analysis of Ireland’s legal market warned against underestimating the resilience of the Irish, so Mason Hayes & Curran’s less-than-catastrophic 6% dip in turnover for a financial year defined by Covid-19 should come as little surprise.

Revenues at the full-service Irish firm fell to €80m as it acknowledged a substantial hit to both transactional and contentious workflows. In a statement, managing partner Declan Black (pictured) chalked up the fall in disputes work to ‘significantly reduced court hearings’. Overall however, he was ‘satisfied’ with the results and noted ‘professional services were comparatively insulated from the worst effects of the pandemic.’   Continue reading “Reality bites as Mason Hayes posts 6% revenue drop in bellwether  for Irish  firms”

Akin Gump defies annus horribilis with 19% City revenue hike amid restructuring boom

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Akin Gump defies annus horribilis with 19% City revenue hike amid restructuring boom

It is often said that the legal industry excels in extreme market conditions and Akin Gump Strauss Hauer & Feld’s 2020 financial results bear testament to that, with the firm’s London office proving again bullish on the back of a stellar run of restructuring matters.

City revenue grew a pacy 19% to $149.2m from $125.1m last year meaning that the London office has bolstered its revenue 55% since 2017. These results are something of a return to form for Akin Gump’s City arm after a flat 2019 when turnover grew only 1%. They reflect the office’s wheelhouse of restructuring following the 2014 acquisition of 28 partners fronted by star restructuring veteran James Roome from the ill-fated Bingham McCutchen. Continue reading “Akin Gump defies annus horribilis with 19% City revenue hike amid restructuring boom”