TLT has its sights on the £100m revenue barrier after adding nearly 50% to its top line over the last five years and having ring-fenced £500,000 to invest in enhancing its offering. The Bristol-based LB100 firm said today (17 July) its revenue for the 2018/19 financial year was up 7% to £87.6m. That is 48% higher …
Continue reading “TLT banks 7% revenue lift as £500k experimentation fund beds in”
The incoming chief executive of the UK’s first listed law firm, Gateley, says he reflects a ‘comforting continuance’ of the strategy which has seen the firm grow to more than £100m in revenue and nearly 1,000 staff. Gateley today (16 July) confirmed earlier guidance its revenue had surpassed £100m by reporting a 20% increase in …
Pinsent Masons has ring-fenced ‘significant funds’ from partner profits in a bid to prioritise investing in the business, in turn cutting profit per equity partner (PEP) by 5%. Revenue at the firm for the 2018/19 financial year rose 7% to £482m, slightly ahead of last year’s 6% increase and good for growth of more than 40% …
The man who led Gateley in its pioneering move to become the first UK law firm to float on the public markets is to step down as chief executive next year. Michael Ward, who has spent over thirty years at Gateley, will be succeeded by the firm’s Manchester office head and leader of its national property …
Continue reading “Gateley IPO pioneer Ward to stand down as chief executive”
Scottish independents Brodies and Shepherd and Wedderburn have continued their strong growth tracks despite ongoing uncertainty. Brodies, Scotland’s largest firm, had a particularly strong year, as revenue rose 12% to £76.9m and profit came in at £37.4m, up 14%. This was up on the previous year’s flat growth of 3% and 4% respectively, with revenue up 49% …
Continue reading “Getting on with it: resilient market provides growth for Scottish independents”
DAC Beachcroft (DACB) has cleared nearly £40m of debt in about four years, providing the icing on a financial cake which has sweetened for a fifth successive year. Revenue at the firm grew 6% to £243m in the year to 30 April 2019, building on an 11% uptick the previous year, and coupled with a …
Continue reading “We’re in control: DACB clears debt as revenue lifts 6% in ‘more difficult’ market”
Eversheds Sutherland is spinning off its £40m New Law business in a bid to supercharge its growth to £100m over the next five years, while opening it up to external investment. The firm today (26 June) launched Konexo, an entity merging its advisory, interim resourcing and managed service offerings – including its ES Consulting business …
The long-serving EMEA general counsel (GC) at the Bank of America Merrill Lynch (BAML) has stepped down after 14 years to join Big Four accounting firm EY. Sajid Hussein, a GC Powerlist regular, will join EY as a partner and GC for Europe, the Middle East, India, Africa (EMEIA) from 1 July.
Eversheds Sutherland (International) has built on its 2017 transatlantic merger with a second year of strong revenue and profit growth. However, chief executive Lee Ranson (pictured) has cautioned that the ‘uncertainty barometer is increasing’, although this will not dampen the firm’s appetite for further investment.
‘People are so scared to talk about race in the UK,’ Linklaters senior partner Charlie Jacobs says. ‘They think it’s a landmine they’re going to walk straight into, so they’d rather avoid it entirely.’ A landmine – easy to lay but hard to get rid of – which has seen Big Law for years avoid …
Continue reading “Ticking boxes – Is City law going beyond the platitudes on ethnic diversity?”
