As McClure Naismith reveals its difficulties in the Scottish market today (20 August), Burness Paull has shown it is not all doom and gloom for independent Scottish firms by posting double-digit growth in both turnover and profits, with revenues increasing by 11% to £51.3m and profits up 12% to £23.2m.
Addleshaw Goddard’s top of equity nears £1m goal as it rises 67% to £936k
Addleshaw Goddard’s top of equity figure has edged closer to the £1m goal unveiled in John Joyce’s (pictured) revamped strategy last year, soaring 67% from £560,000 to £936,000.
Continue reading “Addleshaw Goddard’s top of equity nears £1m goal as it rises 67% to £936k”
PEP plunges 15% to fall below £500k at Holman Fenwick as revenue drops
Holman Fenwick Willan (HFW) has seen a 15% slide in its profits per equity partner (PEP) for the 2014/15 financial year as the firm increased its partnership ranks but saw turnover and profit fall.
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Insurance specialists face tough times as Ince & Co’s revenues fall 8% and Kennedys flatlines
A&O leads City’s big four amid subdued results
Firm posts 8% PEP hike and 4% revenue increase
With all of the Magic Circle financial results in, Allen & Overy (A&O) has outperformed its peers in an otherwise muted year of growth for the London elite, which saw both Clifford Chance (CC)’s and Freshfields Bruckhaus Deringer’s profitability drop.
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The Global 100 2015
Global 100 2015 – Main Table
Global 100 – Market Comment 2015: Word from the World
From an intensely competitive market in Asia to renewed fears of states breaking from the EU, law firm leaders give us the global perspective.
Done deals
‘It is encouraging that the factors contributing to a high level of dealmaking over the past year remain in place, and we are optimistic that these conditions will sustain robust M&A activity, particularly in the telecoms/media and energy sectors, and consolidating industries, such as pharma and healthcare. We may see increased interest in inbound M&A into Europe as its economic recovery continues.’
Eric Friedman, executive partner, Skadden, Arps, Slate, Meagher & Flom
Asia struggle
‘Most people underestimate how competitive it is in Asia to win work against UK and US firms. Clients are very selective and it’s very price competitive, even for the complex cross-border work. Everyone is competing hard to get to know the client.’
Stuart Fuller, global managing partner, King & Wood Mallesons
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Global 100 – Core Stats 2015
Strong run resumed as RPC posts double-digit revenue and profit growth
One of the most consistent success stories of the UK legal market in recent years, RPC has revealed impressive growth for 2014/15 as its revenues rose 12% to £94m, while profit per equity partner (PEP) at the firm soared 19% to £403,000.
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