No personal best this year for Hogan Lovells as turnover and profits decline

No personal best this year for Hogan Lovells as turnover and profits decline

As the financial reporting season kicks off once more, Hogan Lovells has today (22 February) reported a 7% drop in revenue to $2.43bn as PEP fell 8% to $2.28m.

This represents a $174m reduction to the firm’s top line and looks likely to set the mood for many Global 100 players as market forces continue to take their toll. The results mark a disruption to Hogan Lovells’ purple patch, following on from last year’s 13% revenue increase to $2.61bn and eye-catching 26% hike in PEP to $2.48m, as well as a solid showing on a three-year track. Continue reading “No personal best this year for Hogan Lovells as turnover and profits decline”

‘Business as usual’: Keystone’s revenue up but profits fall as Covid cost-savings end

‘Business as usual’: Keystone’s revenue up but profits fall as Covid cost-savings end

Keystone Law has announced its financial results for the first half of 22/23, which show a solid 9% increase on the same period last year as the top line reached £36.8m.

Cash generated from operations was also up to £4.9m, a 17% increase. Collectively the results enabled Keystone to pay an interim dividend of 5.2p per share in line with its listed status.

Continue reading “‘Business as usual’: Keystone’s revenue up but profits fall as Covid cost-savings end”