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
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.
A clutch of major law firms have continued the trend for strong 2023-24 results, with Brodies, Shoosmiths, Clyde & Co and Watson Farley & Williams among the latest to reveal healthy financial figures.
