Revolving Doors: Paul Weiss hires Kirkland City funds partner as US firms make moves in Paris
Transfer window stays open for summer as Paul Weiss picks up Kirkland City funds partner and Goodwin hires from Dechert.
Travers Smith reaches record highs for revenue and PEP despite recent partner exits
Turning the page on last year’s disappointing financial performance, when revenue nudged up by just 1% and profit per equity partner (PEP) stayed flat, Travers Smith today (29 July) announced record-breaking results for 2023-24. Revenue passed £200m for the first time, reaching £215m —a nearly 10% increase from last year’s £197.5m.
PEP surges at Macfarlanes with 24% rebound to record high
Macfarlanes posts 24% increase in PEP to £2.6m for 2023-24 as turnover climbs nearly 14%
Cooley London head Stock exits to Akin in three-partner move
Cooley’s London managing partner Justin Stock has left the firm to join Akin as international technology practice head, along with two other partners.
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.