Litigation specialist Stewarts Law has posted its third consecutive year of double-digit growth, with a record profit per equity partner (PEP) rising 30% to reach £1.9m.
Travers Smith has recorded a 4% rise in revenue to £125m, marking eight consecutive years of growth, while the firm’s profits fell amid investment and challenging market conditions.
Continue reading “‘Top end of expectations’: Travers PEP drops below £1m as turnover edges up”
Dramatic swings in foreign currencies against Brexit-battered sterling have lifted reported results from London’s big four, with double-digit growth rates for Allen & Overy (A&O), Clifford Chance (CC) and Linklaters. Freshfields Bruckhaus Deringer’s growth, however, has stalled in what has been a record year for the Magic Circle.
Allen & Overy (A&O) has soared ahead of its Magic Circle competitors, increasing its revenues by 16% to £1.52bn, while profits per equity partner (PEP) also rose by a significant 25%.
Continue reading “Allen & Overy posts pace-setting 25% rise in PEP with top line reaching £1.52bn”
Berwin Leighton Paisner (BLP) has posted mixed financial results for the year, with revenues up 7% while profit per equity partner (PEP) fell 8%.
Continue reading “Financials 2017: Mixed results for BLP as revenues up 7% while PEP falls”
In a challenging but ‘good year’ for the firm, Macfarlanes has continued growing with revenues up 4% to £167.6m.
Continue reading “‘Willingness to adapt’: Macfarlanes defies Brexit effect with PEP up 8%”
Following another expansive year, led by a new global senior partner, Clyde & Co has again posted a double-digit rise in its global revenue, passing the half-billion-pound mark to reach £508.1m.
Law Firm of the Year Mishcon de Reya has posted yet another outstanding set of financials for 2016/17, with turnover up 17% to £149.4m – meaning revenues have doubled since 2011/12 when the firm’s top line was £73.1m.
Continue reading “Financials 2017: Mishcon breaking targets again as revenue doubles in five years”
Dentons has revealed the 2016/17 financial results for its UK, Middle East and Africa (UKMEA) LLP, showing a 9% fall in profit per equity partner (PEP) in the region to £481,000 and a modest 1% increase in revenue to £166.4m. A year ago, PEP was £530,000 and revenue £165m.
Continue reading “‘More difficult UK market’: Dentons’ UKMEA PEP drops 9% as turnover slows”
A year after recording the standout financial performance of the Magic Circle, Freshfields Bruckhaus Deringer has posted flat turnover for 2016/17 with a top line of £1.33bn.
