Good strategy is rarely dictated by old wives’ tales but the adage ‘if you can’t beat them join them’ certainly rings truer than ever in the regions and this week has seen the merger between two of Kent’s best-known law firms, Cripps Harries Hall and Vertex Law, as Midlands firm Geldards also pushes its public law brand …
Norton Rose Fulbright and Bond Dickinson have been reappointed to the Crown Estate’s energy and infrastructure panel in what will be regarded as an important win for both law firms. The Crown Estate said that the move ‘consolidated legal advice across an extremely diverse portfolio’, cutting the body’s previous specialist panel from five to two …
Top 30 UK firms DAC Beachcroft and Stephenson Harwood today (15 July) unveiled growth in revenue for 2012/13, while Brodies last week revealed a third consecutive increase in turnover and profit and Morgan Cole has seen its profits drop significantly. DAC Beachcroft’s revenues have increased by 14.2% to £188.2m, up from £164.8m in 2011/12. Net profit …
BAE Systems compliance and regulation chief counsel Mark Serfozo has moved to Rolls-Royce as director of risk after nearly 20 years at the defence, security and aerospace giant in a move said by BAE’s high profile general counsel Philip Bramwell to be ‘a good career move’. Serfozo was appointed to head compliance in 2007 as part …
After a turbulent year that has seen Field Fisher Waterhouse attempt a number of mergers and seen it unveil disappointing financial results, the firm is facing its issues head on, including looking at moving certain London support functions to Manchester as part of an ongoing strategy review initiated by managing partner Michael Chissick on his appointment …
A host of UK top 100 legal firms including Holman Fenwick Willan, Ward Hadaway, Gateley, Shoosmiths and Sacker & Partners have all reported revenue increases for 2012/13 amidst highly variable profit figures. Top 30 UK firm Holman Fenwick Willan has seen its turnover increase by 13.8% at the 2012/13 year-end to £141m, while net profit …
Often hailed as one of the greatest US success stories of the last 25 years, new research underlines the elevated position Latham & Watkins has attained in the world’s largest legal market. The Legal 500 United States 2013 edition shows Latham as the highest ranked law firm judged by the total number of recommendations, putting …
Herbert Smith Freehills (HSF) has filled its two most senior finance slots with the hire of Kirkland and Ellis finance chief Nick Willmott as its new chief financial officer (CFO) and Paul Roberts from BDO as its finance director. Wilmott, who will join HSF in September, will be responsible for overseeing integration at the recently merged …
The success of litigation-focused firms is again in evidence today (3 July) as Stewarts Law announced an increase in turnover of 29.5% to £45.2m for 2012/13 and average profits per equity partner of £1.1m. The litigation boutique has seen its turnover almost quadruple from £11.9m in 2007/08 while net profit has hit £20.5m, following a …
Continue reading “Litigation drives growth as Stewarts Law sees PEP break the £1m barrier”
Magic Circle firm shines with 7% revenue spike in flat market Freshfields Bruckhaus Deringer has led the Magic Circle for 2012/13 financial results in a year that has seen the UK’s elite turn out flat annual turnover and profits, while many of the UK’s top 50 reveal spikes in revenue largely generated by international expansion. …
Continue reading “Financial results round-up: Freshfields tops UK elite firms”
