Revenues soar at Ince but stop just shy of £100m target after tumultuous year

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Revenues soar at Ince but stop just shy of £100m target after tumultuous year

Listed law firm Ince Group, which previously operated as Gordon Dadds, has produced impressive double-digit revenue growth in its first full financial year since the acquisition of shipping specialist Ince & Co.  Revenues soared an impressive 87% to £98.5m, narrowly missing the £100m target set by Ince Group CEO Adrian Biles last November, while operating …

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‘Complacency not an option’ at Penningtons as revenues and profits hike following 2019 merger

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Penningtons Manches Cooper produced a strong showing in 2019/20, the firm’s latest financial results show, with revenue and profits both enjoying an uptick following last summer’s tie up between legacy firms Penningtons Manches and Thomas Cooper.  Revenues rose 17% to £93m over the last financial year, up from £79.5m last year, while overall profits soared …

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Investments pay off at Withers as PEP surges while turnover breaks £200m

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Investments pay off at Withers as PEP surges while turnover breaks £200m

Withers saw profit per equity partner (PEP) enjoy a hefty rise over 2019/20, with a period of international expansion beginning to bear fruit at the top-30 LB100 firm. Revenue, meanwhile, enjoyed a double-digit rise as the firm steels itself for a ‘volatile’ year ahead. PEP enjoyed a striking 41% hike to £501,000, up from £354,000 …

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Stewarts steels itself for the hit as it reports solid financials for 2019/20

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Stewarts steels itself for the hit as it reports solid financials for 2019/20

Disputes specialist Stewarts has seen double-digit revenue growth for two years on the spin, posting an 11% increase in turnover to £77m for 2019/20, up from £69m from the previous financial year when it increased just shy of 11%. Profit per equity partner, meanwhile, saw a modest 3% increase to £1.25m; a needed rebound after …

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Resilient HSF closes in on £1bn revenue but profits fall with increased operating costs

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Resilient HSF closes in on £1bn revenue but profits fall with increased operating costs

Herbert Smith Freehills (HSF) has become the latest international firm to post resilient turnover growth in the face of the Covid-19 crisis but increased operating costs and a drop in productivity saw profits tumble in 2019/20. Revenues at the Anglo-Australian giant increased 2.5% to £989.9m, up from £966m last year when revenues grew 4%. However, …

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‘Stable and consolidated’: Clydes posts steady revenue growth but profit hit after year of investment

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‘Stable and consolidated’: Clydes posts steady revenue growth but profit hit after year of investment

Clyde & Co has notched up its 22nd consecutive year of revenue growth, the firm’s latest financial results show, albeit with a slower turnover increase than the previous financial year and a modest dip in profit following internal investments.  Firmwide revenues were up 3% from £611m to £627m in 2019/20, a decrease on last year’s …

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‘On the front foot’ – RPC upbeat after holding steady amid year of change

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‘On the front foot’ – RPC upbeat after holding steady amid year of change

RPC posted muted revenue growth for 2019/20 following changes to the firm’s practice lines, its latest financial results reveal, while profit per equity partner (PEP) saw a slight dip.  Turnover at the insurance and litigation specialist rose 1% to £110.1m, with the firm’s commercial & financial markets disputes, insurance, and technology & media practices among …

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HFW bounces back with profit and turnover growth in a strong 2019/20

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HFW bounces back with profit and turnover growth in a strong 2019/20

HFW produced a strong showing over the last financial year, its latest financial results reveal, with profits rebounding and revenues up after a muted performance in 2018/19. Profits were up to £47.3m this year after dipping 9% to £43.3m the previous year, while profit per equity partner recovered 11% to £526,000 following a 11% deficit in the 2018/19 results. Revenue, meanwhile, …

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‘Strong foundation’: Another year of steady growth as Simmons prepares for challenges ahead 

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‘Strong foundation’: Another year of steady growth as Simmons prepares for challenges ahead 

Simmons & Simmons has recorded another year of steady growth, its latest financial results reveal, with all key financial metrics up as the firm readies itself for more difficult times ahead. The firm’s financial results published today (24 July) show firmwide revenue rose 4% to £390m, a slow rate on last year’s 6% increase and a considerable drop …

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‘Doing business the right way’ sees PEP fall significantly at Pinsents as turnover growth slows

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‘Doing business the right way’ sees PEP fall significantly at Pinsents as turnover growth slows

Profit per equity partner (PEP) endured a 12% drop at Pinsent Masons over the last financial year as the firm continues to hold back funds from partner profits to prioritise internal investment. PEP now stands at £546,000 at the firm compared to £620,000 last year, when PEP was clipped by 5% as Pinsents held back funds …

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