Beleaguered Slater and Gordon has announced it expects to post an A$1.01bn net loss for the 12 months to 30 June 2016, with total revenue expected to come in at A$908.2m.
Continue reading “Slater and Gordon narrows loss to A$1bn after UK performance improves”
In results that see the firm leapfrog DLA Piper, to make it the second largest law firm in the world by turnover, Baker & McKenzie has bounced back from falling revenues in 2014/15 to post an 8% increase in revenue to $2.62bn for 2015/16.
Continue reading “A comeback year for Baker & McKenzie as firm posts 8% turnover growth”
It has been a subdued year for the UK arm of recently-merged Gowling WLG, which has posted essentially flat revenue and profits for the financial year 2015/16.
Olswang has seen a 11% drop in its turnover for the financial year 2015/16 with revenues tumbling by £14.2m to £112.5m, while firm’s profits per equity partner (PEP) remained steady at £490,000.
Continue reading “Olswang turnover drops 11% after Berlin ‘decoupling’”
Shakespeare Martineau has revealed its first post-merger turnover figure of £71m, down 6% on the combined figure of £75.6m for legacy Shakespeares which stood at £49m and legacy SGH Martineau which was £26.6m for the financial year 2014/15. The firm’s profit per equity partner came in at £236,000.
Continue reading “Regional player Shakespeare Martineau post-merger turnover drops to £71m”
High flying City firm Mishcon de Reya has announced robust profits for the 2015/16 financial year, with profit per equity partner up 5% to £1m as revenue in London climbed to £127.9m from £110m.
Continue reading “Mishcon de Reya City PEP climbs to £1m as firm undergoes Brexit review”
Weightmans managing partner John Schorah has slapped a £100m revenue target on the firm for 2016/17 after a year of underachievement, with revenue up just 7% in 2015/16 to £95m despite a major merger and a 19% tumble in profit per equity partner (PEP).
Sustained investment and the costs of bedding down a merger impacted on profits at Penningtons Manches, which posted a lift in revenue but a tumble in profits per equity partner (PEP) for the financial year 2015/16.
Continue reading “Growing pains: ongoing investment sees PEP at Penningtons Manches tumble 16%”
In some of the strongest growth figures to come out this year, private wealth specialist Withers has lifted its top line figure up 21% to £161.5m.
Top-50 UK firm Burges Salmon has maintained a sixth year of growth increasing turnover 8% to £87.4m in the past year, up from £80.8m in 2014/15.
Continue reading “All upstream for Burges Salmon as regional leader posts 8% turnover growth”
