A depressed transactional market in the UK has had little effect on the financial performance of Macfarlanes, with the high-performing City firm posting a 12% increase in revenues for 2012/2013 from £102.2m to £114.16m. The firm, which recorded an 8% rise in revenues in 2011/2012, continues to be one of the most profitable firms in …
Continue reading “Double digit growth for Macfarlanes as firm disputes ‘new normal’”
A decade of flying the Global 100 has left some legal players frazzled while others have become increasingly energised. Here we chart ten years’ performance by the world’s largest law firms ‘We want to be the number one global law firm and, without a strong US component, we won’t achieve that,’ – this comment, made …
Despite facing considerable reverses in the wake of the 2008 banking crisis – which saw a sharp fall in revenues and profits in its 2009 financial year – the US-based Latham & Watkins looks to have settled back into a solid upward track. The Los Angeles-bred firm had another robust year in 2012, reinforcing its …
Amid all the hype surrounding alternative business structures (ABS) one story that emerged last month stood out – the aggressively-marketed Riverview Law’s eye-catching alliance with 48-partner practice DMH Stallard. In an ABS market heavily focused on the high street and volume insurance work, the deal stands out for aiming to provide something different to corporate …
Continue reading “Comment: The ABS dilemma – join them sure, but shouldn’t you be beating them?”
It has swiftly moved from obscure regional player into one of the most closely watched practices on the national scene and financial results announced today (6 June) confirm the extent of its dramatic ascent. DWF, which has completed five mergers in under 18 months, has unsurprisingly reported significant revenue and profit increases for the 2012/13 financial …
Two international firms with strong European practices and a core media focus, Bird & Bird and Olswang, have posted solid revenue increases for the 2012/13 financial year. Bird & Bird has announced revenue growth of 6%, from £235m to £249m, marking 25 years of continuous growth. Profit figures are yet to be released although a …
Continue reading “Reports season 2013 – Bird & Bird and Olswang post healthy revenue increases”
Amid all the hype surrounding alternative business structures (ABS) one story that emerged last month stood out – the aggressively-marketed Riverview Law’s eye-catching alliance with 48-partner practice DMH Stallard. In an ABS market heavily focused on the high street and volume insurance work, the deal stands out for aiming to provide something different to corporate …
Continue reading “The ABS dilemma – join them sure, but shouldn’t you be beating them?”
Eleven firms, including Allen & Overy (A&O) and Baker & McKenzie, have been successful in winning a place on Shell’s new global legal panel, which was unveiled yesterday (22 May). The tender, which kicked off in March, went out to 357 firms in 20 jurisdictions. The aim, according to legal director Peter Rees QC, was …
Continue reading “Can you be sure of Shell? Coveted oil giant unveils new panel”
Riverview Law will have addressed some of the criticisms of its fixed-fee legal services model with news today (13 May) that it has signed a strategic alliance with established south east law firm DMH Stallard. A statement by Riverview Law – one of the touted and aggressively marketed of the ‘Tesco law’ challengers – said …
It wasn’t so long ago that law firm risk teams fought an endless, fruitless battle to get partners and senior management to pay much attention. Traditionally, compliance has been anathema to senior lawyers, who see the box-ticking hordes from their risk teams as an expensive encumbrance to client work. Well, it is pretty boring… until, …
Continue reading “Boring until it isn’t – sharper risk teams deliver commercial edge”
