Ashurst sets sights on US growth as revenue nears billion-pound mark
Ashurst is targeting expansion in the US as the firm announces financial results that show profit per equity partner reaching a record high and turnover just shy of £1bn.
Brodies and Shoosmiths among firms reaching new revenue highs as results season continues
A clutch of major law firms have continued the trend for strong 2023-24 results, with Brodies, Shoosmiths, Clyde & Co and Watson Farley & Williams among the latest to reveal healthy financial figures.
Legacy Allen & Overy sees profits soar in final year pre-Shearman merger as revenue edges up
Legacy Allen & Overy saw revenue nudge up 3.4% in the last financial year before its transatlantic merger, against a surge in profits that took average PEP to £2.2m.
Greenberg makes triple Pinsents partner hire in international arbitration push
A trio of Pinsent Masons international arbitration partners are set to leave the firm for Greenberg Traurig, Legal Business can reveal.
Ex-A&O banking chief Bowden exits for Proskauer as US firm snaps up City finance quartet
A&O Shearman banking heavyweight Philip Bowden, the former co-head of legacy A&O’s global banking practice, has left the newly merged firm to join Proskauer as part of a four-partner raid by the US firm.
HFW, Fieldfisher post double-digit revenue hikes as results season gets off to strong start
HFW has posted double-digit growth to break through the £250m revenue mark for the first time, with all key metrics rising as the firm sticks to its sector-focused strategy.
Political persuasions – what City partners are hoping for from the next Government
On the eve of a general election that looks set to promise a wipeout for the Conservative Party and the first Labour government in 14 years, LB checked in with a range of City partners across a variety of practice area to gauge the temperature of the UK legal industry, find out what they think …
What Gen Z lawyers really want from their careers
Gen Z – including its lawyers – are often characterised as being overly concerned about the social and political issues that come under the ESG umbrella. It’s an issue that was discussed at Legal Business’s April Enterprise GC event in a panel called: ‘The ideal employer for an idealistic lawyer’, during which one audience member …
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The China conundrum – why so many US law firms are pulling out
Once seen as the next big thing for all self-respecting international law firms, China is now seeing a wave of retrenchment by US firms, with Morrison Foerster the latest to close an office in Beijing – Alex Ryan spoke to those who know the market to find out why As statements of intent go, they …
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King & Spalding makes City funds play with hire of top-tier Cadwalader team
Five-strong fund finance team finds new home at K&S with further hires on the cards.