Sidley Austin has continued its decade-long streak of growth in London, posting a 12.4% hike to reach $209.7m, with firmwide revenues reaching the $3bn mark.
While global revenues grew 6.1% on last year, with profit per equity partner (PEP) up 10.3% to $4.6m, the Chicago-headquartered firm’s London office stood out with another year of double-digit growth.
White & Case has taken another step towards the $3bn turnover mark, posting a 4.3% increase in global revenues to $2.95bn for 2023, despite London turnover dipping 1.6% to $444m.
The international firm saw global revenues rise from $2.83bn in 2022, when London turnover stood at $451m. Profit per equity partner (PEP) increased by 12.7% during 2023 to $3.16m, while revenue per lawyer rose 6.9% to $1.16m. Continue reading “White & Case nears $3bn mark as expense control drives double-digit PEP hike”
Greenberg Traurig has announced a 6% increase in revenue, reaching $2.3bn, while PEP rose 4%, climbing from $2.32m to $2.4m.
While slightly slower than last year’s 9% revenue increase, this growth still marks Greenberg’s tenth consecutive year of record revenue. Continue reading “‘Activity was phenomenal after a slow start’: Greenberg sustains global growth for tenth consecutive year”
Quinn Emanuel today announced its firmwide financial results for calendar year 2023, with the litigation powerhouse joining an elite band of firms to notch revenue over $2bn, with a 26% jump taking it from $1.65bn last year to $2.08bn.
The firm also broke $1bn in profit, which reached $1.35bn. Revenue per lawyer was up nearly 16% from $1.61m to $1.86m, despite an increase in total headcount of 108, to 1,120. The results are even more impressive on PEP, which rose 39% from $5.23m to $7.29m – higher than any firm in last year’s Global 100 apart from first-place Kirkland & Ells ($7.52m) and second-place Wachtell ($7.29m). Continue reading “‘Clients want to come to the best’: Quinn Emanuel breaks $2bn barrier with 26% revenue jump”
In keeping with Hogan Lovells’ recently released financial results, Akin has reported strong financials for 2023, contradicting fears of diminished returns for the global elite.
Revenue at the firm is up 11% to $1.37bn from $1.23bn, while profit per equity partner (PEP) has jumped 22% to $3.15m from $2.58m. This follows a sluggish 2022 for the firm, which saw global revenue grow by only 1% and PEP drop by 17%.
The firm highlighted its financial restructuring, private credit, traditional energy, energy transition, international trade and litigation practices as particularly high performers over the last financial year. Continue reading “‘Firing on all cylinders’: Akin sees double-digit growth in revenue and PEP”
As financial reporting season kicks off in earnest, Hogan Lovells has today (13 February) reported a 10% boost in global revenue to $2.68bn as profit per equity partner (PEP) jumped 20% to $2.74m.
This performance represents a $250m increase in the firm’s top line, contrasting with a $174m decline last year. After a 7% drop in revenue and an 8% decrease in PEP in 2022/23, this year’s double-digit growth strikes an optimistic tone for other Global 100 players. Continue reading “‘It’s a differentiating year’: Hogan Lovells sees double-digit growth in revenue and PEP”
