Fire up the engine: Transactional boom fuels bumper year for Eversheds Sutherland

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Fire up the engine: Transactional boom fuels bumper year for Eversheds Sutherland

Eversheds Sutherland had its transactional divisions to thank, as the firm’s corporate practice turned in its ‘best ever year’ to help achieve rocketing profits. Profit per equity partner (PEP) jumped a considerable 26% from £984,000 to £1.2m, surpassing the £1m barrier. Net profits increased a similarly pacey 23% to £150.3m, while revenue was up 8% from …

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Acquisitions pay off for DWF as firm reports striking 21% profit hike

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Acquisitions pay off for DWF as firm reports striking 21% profit hike

DWF has lived up to its financial promises from last year, as acquisitions and a structural overhaul underpinned respectable growth. DWF’s organic revenue, which does not factor in last year’s buyouts of compliance training company Zing 365 Holdings and Barnescraig & Associates, a Canadian insurance claims and loss adjusting business, was up 4% from £338m …

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Globetrotting Ashurst continues frenetic growth with double-digit revenue and profit boosts

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Globetrotting Ashurst continues frenetic growth with double-digit revenue and profit boosts

Marking its sixth consecutive year of revenue growth, Ashurst has reported a robust set of financials headlined by a 12% jump in turnover from £711m to £798m. Profit per equity partner (PEP) was also up by a significant rate, growing 13% from £1.038m to £1.175m. According to the firm, revenue and PEP have grown respectively …

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National champions: Surging revenues at Shoosmiths and TLT yield record results

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National champions: Surging revenues at Shoosmiths and TLT yield record results

Following on from their impressive performances last year, top 50 national players Shoosmiths and TLT have both unveiled strong 2021/22 financial results, characterised by pacey revenue increases. At Shoosmiths, revenue jumped 8% from £167.9m to £181.8m, while net profit grew a healthy 9% from £55.4m to £60.7m. Profit per equity partner (PEP) was up by a less …

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‘London’s dominance is slightly dwindling’: Simmons appoints German head to new European client relations role

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‘London’s dominance is slightly dwindling’: Simmons appoints German head to new European client relations role

Simmons & Simmons has created a new head of European client relations role in an effort to support continental clients in the post-Brexit landscape. The position will be filled by the firm’s current German country head and longstanding global disputes chief, Hans-Hermann Aldenhoff. Aldenhoff, who has run the firm’s disputes function for 13 years, will …

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‘All options on the table’: US investment pays off as A&O sees double-digit revenue increase

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‘All options on the table’: US investment pays off as A&O sees double-digit revenue increase

Allen & Overy (A&O) has set an early Magic Circle benchmark, today unveiling a robust 10% uptick in global revenues from £1.77bn to £1.94bn. Growth was broadly matched in terms of profit before tax, which was up 9% from £822m to £900m. This translated to a milder 3% jump in profit per equity partner (PEP) …

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Financials 2021/22: Slipping profits and muted organic growth overshadow another acquisitive year for Knights

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Financials 2021/22: Slipping profits and muted organic growth overshadow another acquisitive year for Knights

Knights has failed to build on its encouraging H1 results, today (12 July) unveiling a sedate 2% organic growth in revenues and a 2% dip in underlying profit before tax (PBT). Factoring in the firm’s buyouts of regional firms Langleys, Mundays and Keebles throughout the year, overall turnover jumped 22% from £103.2m to £125.6m. In …

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Pinsents bounces back from Covid with healthy turnover uptick and soaring PEP

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Pinsents bounces back from Covid with healthy turnover uptick and soaring PEP

Pinsent Masons unveiled an upbeat set of financial results today (6 July), with revenue climbing 6% from £503.3m to £531.1m and profit per equity partner (PEP) jumping 16% from £636,000 to £739,000. The results represent a rebound after a couple of muted years: in 2020, the firm saw PEP slide 12% amid sustained internal investment. An …

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Game on: HSF eclipses A&O with bumper £120k NQ salary

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Game on: HSF eclipses A&O with bumper £120k NQ salary

Just a day after Allen & Overy (A&O) revealed it was standing firm with its £107,500 newly-qualified (NQ) salary, Herbert Smith Freehills (HSF) has announced an eye-catching 14% uptick in NQ pay from £105,000 to £120,000. The remuneration jump became effective today (Friday 1 July), with scope for further payouts as it does not include bonuses. …

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