In its third year post-merger, Norton Rose Fulbright‘s LLP has revealed flat turnover of £391.7m while overall pre-tax profit rose by 2% to £112m from £109m for the year to 30 April 2015.
Dentons UKMEA posts 6% revenue lift as profit jumps 12%
Dentons LLP accounts for the UK, Middle East and Africa have revealed the firm’s revenue increased by 6% for the 2014/15 financial year to £157m from £148m, while overall profit before taxation climbed about 12% to £42.4m from £37.9m.
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Eversheds highest-paid member takes home 5% more as turnover dips
Eversheds‘ highest-paid LLP member took home £1.46m last year, an increase of 5% on the previous year, while turnover at the firm dipped.
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HSF management committee pay down 17.5% as revenues drop
Herbert Smith Freehills (HSF) has posted a 17.5% dip in pay to its management committee as the firm’s turnover dipped for the 2014-15 financial year.
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Osborne Clarke still going strong as LB100 firms report first-half results
2015 Legal Business Law Firm of the Year Osborne Clarke has continued its sound financial performance of the last few years, reporting impressive first-half results for 2015/16. The firm has outpaced its peers by a stretch, reporting a 25% rise in first-half turnover.
While not all firms disclose their revenues at the halfway point, Deloitte has found UK law firm revenues were up by an average of 4.5% for the first half of the financial year 2015/16.
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Cash levels drop at Hogan Lovells as PEP dips below £700,000
The international arm of Hogan Lovells, which covers all offices outside the Americas, suffered an 11% fall in profits per equity partner (PEP) in 2014/15 as revenue and profits suffered.
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Addleshaws staff costs rise as firm ups partner rewards, accounts reveal
Addleshaw Goddard‘s staff costs rose 12% from £57,000 to £63,600 in the 2014/15 financial year, the firm’s filings at Companies House show, after it paid larger bonuses and salaries to its employees.
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DAC Beachcroft takes £4m hit on failed IT project, LLP accounts reveal
National law firm DAC Beachcroft took a £4.39m hit on a failed IT project as it tried to change its case management system internally, accounts reveal.
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Bird & Bird’s net debt rises by a fifth, as highest paid member gets 12% more
Bird & Bird‘s net debt rose by 21% in the last financial year to €46.3m from €38.3m in 2014 following a refinancing of the business, while the top paid member took home 12% more, the firm’s accounts show.
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‘Tight controls’: LLP filings show strict financial management helps boost Simmons profitability
Benefitting from a resurgence of financial work in the City in 2014/15, Simmons & Simmons acted prudently to boost its profitability and reduce debt, its LLP filing shows.