The absence of this peer group’s two leading performers, Mills & Reeve and Gateley, has seen averages for the Central region take on a distinctly ‘average’ hue. The region is now officially the worst performing peer group in the LB100 in revenue terms, a wooden spoon that it inherited last year from the South group …
The wind blowing up from the south region has the familiar whiff of stagnant revenues again this year. As was the case in 2010, more than half the firms in this peer group have posted negative or flat turnover growth, a sure sign that market conditions are taking their toll in this fiercely competitive market. …
In tearing up the rulebook in this year’s Legal Business 100, this peer group has changed radically to reflect the global transformation of some firms and the increased national profile of others. To our new Major International peer group (see page 84) moves global giant DLA Piper – whose presence in the Major UK group, …
This year was all about the urge to merge and this time next year the Insurance group will look very different, with two firms missing after a period of consolidation among the Insurance group. Davies Arnold Cooper will be transformed after its November merger with rival Beachcroft goes live to create DAC Beachcroft. Meanwhile Clyde …
London’s Midsizer legal landscape looks a little different this year. Field Fisher Waterhouse and Withers move into the Major City ranks, each with revenue surpassing £90m, establishing them as major forces in the City. More impressive, however, is the entrance of litigation boutique Stewarts Law into the LB100 this year. And what an entrance it …
Many of the firms in the Major City group will look back on 2010/11 with mixed feelings. Some firms will feel a sense of relief that, broadly speaking, any further disasters were averted but others will be frustrated that key transactional markets refused to pick up significantly. Strategically, however, there are still a couple of …
In comes a new peer group to the Legal Business 100. Thanks to a flurry of transatlantic marriages over the past 18 months, it is no longer appropriate to sit the likes of DLA Piper, Hogan Lovells, Norton Rose, SNR Denton and Squire Sanders Hammonds in their old peer groups. Take DLA Piper. Historically the …
With an unerring consistency, the UK Global Elite has maintained its grip on the market throughout the recession and 2010/11 was no different. Some will have hoped that the global law firm may become an endangered beast, but if anything the last few years have made them stronger. While it hasn’t been easy for the …
Despite much hype over mid-market consolidation recently, the number of mergers between law firms in the UK has been modest. LB discovers why not every struggling firm is looking for a tie-up If you were to slap an ‘at risk’ sign on any segment of firms in the LB100 then it would have to go …
This year’s Legal Business 100 firms continue to grow in revenue, but how much is performance in foreign markets masking woes at home? LB finds out Things have changed in the Legal Business 100 this year. At least seven firms have merged with others, either overseas or at home, while another three have bolted on …
