The CMS group, which passed a major milestone this summer when it provided its financial results as a single entity for the first time, has told LB that it is looking to drop local firm names to strengthen its international brand. ‘We have been looking at the risks of being regarded as a single firm …
US firm Katten Muchin Rosenman remains on the charge in London following the hire of tax partner Sanjay Mehta from Stephenson Harwood in August. The latest hire comes at the end of a highly acquisitive year that has seen the Chicago-based firm make five lateral hires in six months. This follows a triple hire to …
Continue reading “Katten Muchin Rosenman continues hiring spree”
King & Wood Mallesons (KWM) has enjoyed a successful first six months as a single firm, according to Handel Lee, head of the firm’s East China offices, who added that Africa could be the next destination for the firm en route to London and New York. The firm, which went live in March, topped mergermarket’s …
Continue reading “Positive early signs at combined firm King & Wood Mallesons”
The Top 100 firms ranked by highest top of equity.
Which firms are the most profitable? In this table we blend together all of our profitability measures, including PEP, profit per lawyer and profit margin, to discover which of the top 100 firms are the most profitable. The 100 firms have been ranked according to their mean rank on all three measurements.
The capital has extended its position as the most buoyant legal market in the UK, with midsize London law firms continuing to outpace their regional rivals, notching up an average 10% increase in organic revenue this year compared to just a 5.5% revenue rise for non-London firms. The South, North and Scottish regions are among …
Continue reading “Growth in LB100 regional peer groups half that of London”
This chart plots how well our 51 ‘survivor’ firms from the orginal LB100 have performed over the past twenty years. It plots how much each firm managed to increase both profits and turnover by on a compound rate each year for the past two decades.
Dewey & LeBoeuf went from 26th in last year’s Global 100 to filing for bankruptcy in May this year. What can the Global 100 learn from the firm’s demise? Finley, Kumble, Wagner, Underberg, Manley, Myerson & Casey; Brobeck, Phleger & Harrison; Heller Ehrman; and Howrey, the US legal market has quite a track record when …
Continue reading “Global 100 – Dewey & LeBoeuf – Lessons from a downfall”
The Global Elite continues to dominate the international legal market. But with ailing global markets and little to no M&A, not every firm has much to celebrate Europe is in crisis, the UK has hit a double dip recession and US markets continue to fluctuate. Likewise the debt markets are closed, M&A sits on ice …
Continue reading “Global 100 – Global Elite – Hollow victory”
The global diversification of wealth continues to drive the efforts of law firms’ private client teams as the world’s population of affluent individuals continues to climb. LB tracks the latest developments. The international private client teams at major law firms are thriving. The practice area, for decades regarded as the black sheep of the family, …
