Financial results 2013/14: Herbert Smith Freehills’ first full financial results post merger show revenue of £800m and £741k PEP

Herbert Smith Freehills’ (HSF’s) first full financial results post merger has seen it unveil revenues of £800m and profit per equity partner (PEP) of £741,000 for 2013/14.

The firm’s net income stood at £232m. Continue reading “Financial results 2013/14: Herbert Smith Freehills’ first full financial results post merger show revenue of £800m and £741k PEP”

Financial results 2013/14: A&O’s PEP up by 7% to £1.12m as turnover rises 2% to £1.23bn

The second of the Magic Circle firms to disclose its 2013/14 financial results, Allen & Overy (A&O) has reported an increase in profit per equity partner (PEP) of 7% to £1.12m from £1.05m, with global revenues up by a more conservative 2% to £1.23bn. Continue reading “Financial results 2013/14: A&O’s PEP up by 7% to £1.12m as turnover rises 2% to £1.23bn”

Financial results 2013/14: Nabarro posts static revenues while PEP jumps 10.5%

Top-30 LB100 firm Nabarro is the latest to unveil its 2013/14 financials, with annual turnover broadly flat at £116.7m, a rise of 0.3%, while profit per equity partner (PEP) is expected to rise 10.5% to £475,000, constituting a double digit increase for the second successive year.

Continue reading “Financial results 2013/14: Nabarro posts static revenues while PEP jumps 10.5%”

Financial results 2013/14: Clifford Chance unveils highest-ever results as turnover up to £1.36bn and PEP £1.14m

Clifford Chance (CC) has drawn a line under last year’s disappointing financials, unveiling its highest-ever financial results, with revenue up 7% to £1.36bn while profit per equity partner (PEP) leapt by 16% to £1.14m. Continue reading “Financial results 2013/14: Clifford Chance unveils highest-ever results as turnover up to £1.36bn and PEP £1.14m”

Financial results 2013/14: Addleshaws posts mixed results as profit down 11% after partner restructuring and CFA write-off

Addleshaw Goddard today (9 June) unveiled mixed financial results for the 2013/14 period, with turnover up by 3% to £171.4m but net profit down 11% from £44.9m to £39.8m. Continue reading “Financial results 2013/14: Addleshaws posts mixed results as profit down 11% after partner restructuring and CFA write-off”