In another set of buoyant pandemic financial results, Ashurst has breached the £1m-profit-per-equity-partner barrier for the first time since the global financial crisis, while revenues received a double-digit boost. PEP stood at £1.038m, a striking 15% increase on last year’s £903,000 figure. In doing so, Ashurst has fulfilled managing partner Paul Jenkins’ ambition to top …
Clifford Chance had a late flurry of transactional activity to thank for a respectable set of Covid financials, as profit per equity partner climbed 9% and revenue inched up by 1%. The firm’s PEP reached £1.85m, up on last year’s £1.69m, while revenue hit £1.828bn from £1.803bn. There was also an 8% uptick in partnership profit, …
Simmons & Simmons managing partner Jeremy Hoyland said there was ‘an element of the exceptional’ in the firm’s financial results announced today (16 July), with revenue growing 12% to £437m and profits shooting up 35% to £171m. There was also a steep increase in profit per equity partner, growing 30% to reach £980k. Overall, this …
Veteran litigation partner Lawson Caisley has joined White & Case after nearly nine years at Allen & Overy. Caisley typically advises large corporations, financial institutions and funds on all aspects of commercial litigation and investigations, such as post-acquisition disputes as well as fraud and white-collar crime. Markus Langen, head of disputes for White & Case in EMEA, described Caisley as …
Herbert Smith Freehills announced a striking 30% increase in profitability as part of its 2020/21 financials today (13 July), with strong international contributions underlining the firm’s robust overall pandemic performance. The firm’s profit jumped to £366.9m from last year’s £283.2m. This represents an emphatic comeback after profits tumbled by 8% last year amid steep operating costs.
Thanks in part to their respective European networks, Fieldfisher and Kennedys have both posted robust 2020/21 revenues in the face of the pandemic. There was an inevitable slowdown in growth at Fieldfisher, today unveiling a modest 6% uptick in revenues to reach £290m. It is the firm’s eighth consecutive year of growth, but it does not …
In the latest round of lateral partner appointments, K&L Gates established a new base in Luxembourg while firms went worldwide for their strategic hires. K&L Gates combined with Luxembourg firm Volckrick & Associates, handing the firm its eighth European branch and bringing the network worldwide up to 46 offices.
CMS UK unveiled a muted set of financial results today (5 July), with revenues inching up from £566m to £567m as global income increased 3% from €1.426bn to €1.475bn. However both marginal increases represent a slowing of growth on the previous year, when UK and global figures grew 4% and 5% respectively.
There was a transactional theme to this week’s lateral partner recruitment, as Ashurst, King & Spalding, Pinsent Masons and Squire Patton Boggs (SPB) all made strategic hires, while Michelmores added a number of partners. Seasoned private equity specialist François Hellot has joined Ashurst’s Paris office after a 12-year partnership stint at Dechert. Hellot is particularly …
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Sponsored by After a succession of years in the public eye and with no lack of controversy in 2020, it was going to take something seismic to prevent the perennially relevant slew of misconduct claims dominating the law firm risk agenda. Last year, that seismic event happened, with the world plunged into chaos as a …
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