PEP surges at Macfarlanes with 24% rebound to record high
Macfarlanes posts 24% increase in PEP to £2.6m for 2023-24 as turnover climbs nearly 14%
‘Great progress everywhere but fastest in the US’: CC posts 28% Stateside hike as PEP rebounds
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 eye growth opportunities as both post 10% hike
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.
‘Ambition remains high’: Taylor Wessing heads towards €1bn target with strong financials
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 London head Stock exits to Akin in three-partner move
Cooley’s London managing partner Justin Stock has left the firm to join Akin as international technology practice head, along with two other partners.
‘When someone is so disaffected it’s best to get them out sooner rather than later’: Kirkland to hold back pay for departing partners; cut notice period
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 claims top spot in Stonewall Top Employers list
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.
‘Strong momentum’: Revenue and profit rise as Herbert Smith Freehills marks 11th consecutive year of growth
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.
O’Melveny and Hogan Lovells lead PE hiring wave as Kirkland boosts tech team with Clifford Chance hire
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
Ashurst sets sights on US growth as revenue nears billion-pound mark
Ashurst is targeting expansion in the US as the firm announces financial results that show profit per equity partner reaching a record high and turnover just shy of £1bn.