Shopping centre owners have weathered a difficult few years, with the rise of e-commerce, Covid and the cost of living crisis causing much grief for those with stakes in bricks and mortar retail.
There is cause for optimism, however, with private equity firm L Catterton’s acquisition of Hammerson’s £1.5bn stake in Value Retail – owner of the Bicester Collection – emblematic of increasing confidence in the sector, and raising hopes of a continued recovery in deal activity.
Macfarlanes posts 24% increase in PEP to £2.6m for 2023-24 as turnover climbs nearly 14%
Clifford Chance (CC) has become the third magic circle to reveal its financial results for 2023-24, posting global revenue growth of 9% to £2.3bn, up from 5% last year.
Simmons & Simmons and Bird & Bird have both posted revenue growth of 10%, as major UK firms continue to report healthy results for the last financial year.
Taylor Wessing has become the latest firm to announce solid results for 2023-24, revealing a 9.5% increase in global revenue to £480.7m.
Cooley’s London managing partner Justin Stock has left the firm to join Akin as international technology practice head, along with two other partners.
Kirkland & Ellis is overhauling its equity partner exit terms – ushering in new policies to withhold compensation for departing partners, as well as slashing notice periods and speeding up the time it takes those leaving to be repaid their capital.
Linklaters has leapt to first place in Stonewall’s Top 100 Employers 2024 list, while last year’s number one Clifford Chance has dropped outside of the top ten for the first time since 2020 and is ranked 14th.
Building on last year’s record performance, Herbert Smith Freehills has achieved its 11th consecutive year of annual revenue growth in its latest financial results.
Ashurst global PE co-head exits to O’Melveny; Hogan Lovells hires from K&L Gates and Weil and Kirkland picks up a CC tech partner
