Paul Weiss PEP soars to $7.5m as revenue sees double-digit growth Elisha Juttla Paul Weiss has reported its financial results, with revenue up 32% to $2.63bn from $2bn, nearly tripling last year’s 11% growth.
A good time to be mid-tier: private equity interest on the rise as mid-market thrives Tom Cox The LB100 results for 2023-24 are in, and while the demise of the mid-market has been long forecast, the numbers…
Ashurst sets sights on US growth as revenue nears billion-pound mark Alex Ryan Ashurst is targeting expansion in the US as the firm announces financial results that show profit per equity partner reaching…
Norton Rose and DLA post rising revenues as global footprint drives growth Anna Huntley Norton Rose has reported an 8.7% increase in global revenue, marking a turnaround from two years of declining revenue. Profit…
Paul Weiss and Kirkland break revenue records amid London lateral shakeout Elisha Juttla Paul Weiss has broken through the $2bn global revenue mark, posting a 10.8% hike on last year, as the firm’s…
Feeling the chill? Kirkland reports just 8% revenue increase for 2022 Alex Ryan Often the bellwether for global law firm financials, the world’s highest-grossing firm, Kirkland & Ellis, has posted muted revenue and…
Still vulgar to talk about money? Three decades have made the industry less coy Nathalie Tidman ‘I don’t think you will get any of the City firms to talk about this sort of thing… You have?…
The price of everything – Law firm metrics cannot measure broader values that will define their future Guest Blog Pinsents senior partner Richard Foley argues the industry needs new benchmarks for success As Legal Business publishes its LB100, it…
Knights talks up selective acquisition policy amid strong first-half financials Hamish McNicol The chief executive of Knights says its listing last June has instilled market confidence in its ability to deliver an ambitious…
Rosenblatt battles Brexit uncertainty in post-IPO financials as it launches litigation funder Tom Baker In its first financial results since the £43m IPO in May, Rosenblatt has recorded a slight uptick in revenue and…
Global 100 ten-year view: Bad timing Mark McAteer In the last boom year in 2008 before the global financial crisis took its toll, the picture was rosy for…
Comment: Slashing to victory – the most dangerous law firm myth Alex Novarese ‘Turnover for vanity, profit for sanity.’ How many times have you heard that phrase or variations of the theme espoused…
Latham surges to become world’s first $3bn law firm… but can Kirkland take its crown? Marco Cillario Latham & Watkins has become the first law firm ever to report revenues over $3bn with the Los Angeles-bred firm adding…
Slashing to victory – the most dangerous myth Alex Novarese ‘Turnover for vanity, profit for sanity.’ How many times have you heard that phrase or variations of the theme espoused…
Reversal of fortunes – how three mid-tiers outgunned the City elite for a decade Marco Cillario It is dominated by mid-sized firms while global players and City leaders lag far behind. Watson Farley & Williams (WFW)…
Investing in London: Cooley sets City agenda with turnover targets and committee appointments Legal Business Having made its audacious entrance into London’s legal market in January, US tech giant Cooley has begun rolling out the…
Evasive Action – Can Olswang live up to its own ambitions? Legal Business TMT leader Olswang is hard to pin down these days as profits ebb, reports of discord emerge and a leader…
‘We won’t break lockstep, we see it as a strength’: Clifford Chance US chiefs talk growing revenues and love of the lockstep Legal Business As fellow Magic Circle firm Freshfields Bruckhaus Deringer targets the US market, Clifford Chance’s US leadership is seeking to upscale…
Comment: Converging on boom-time profits without a boom – the big four now and then Legal Business They say averages lie, though in my experience not as much as people, but producing an annual report with 2,000…
Latest US profits show positive early signs Jaishree Kalia The initial numbers to emerge from the US reporting season indicate a relatively resilient performance in 2012 for the world’s…
