US expansion drives record revenue at Kennedys as Weightmans’ profits soar 25%

Posted on |
US expansion drives record revenue at Kennedys as Weightmans’ profits soar 25%

After a year of ambitious international growth, Kennedys has posted record revenue of £286m, up 8% on last year, despite sluggish 1.4% UK growth.

In the last year, the firm added 18 lateral partner hires, and made up 22 new partners globally. In characteristically expansive mode, Kennedys also opened three new offices globally as well as forging three new associations in Turkey, Bolivia and Ecuador. Continue reading “US expansion drives record revenue at Kennedys as Weightmans’ profits soar 25%”

‘A fantastic achievement’: Boodle Hatfield marks 300-year anniversary with revenue growth

Posted on |
‘A fantastic achievement’: Boodle Hatfield marks 300-year anniversary with revenue growth

In its tercentenary year, Legal Business 100 firm Boodle Hatfield has announced revenues of £30.7m for 2021/22, up 4% from £29.4m the previous year.

The latest figures continue the firm’s recent upward trajectory. Since 2016, the private wealth and real estate focused firm has recorded an average annual revenue increase of 5.5% and a 14% average increase in profit. In total, this equates to a 38% jump in revenue and a 113% increase in profit. Continue reading “‘A fantastic achievement’: Boodle Hatfield marks 300-year anniversary with revenue growth”

Osborne Clarke adds over €60m to top line amid buoyant financials

Posted on |
Osborne Clarke adds over €60m to top line amid buoyant financials

Osborne Clarke (OC) has joined the slew of firms reporting robust financials, today (13 June) unveiling a 19% increase in overall turnover from €341m to €407m.

And in an endorsement of the UK market, domestic revenues jumped 20% from £166.4m to £199.1m. Profit per equity partner (PEP) also saw a notable increase, climbing 11% from £714,000 to £796,000. Continue reading “Osborne Clarke adds over €60m to top line amid buoyant financials”

Keystone hails £400k saving on overheads as revenue rockets 27% and profits soar

Posted on |
Keystone hails £400k saving on overheads as revenue rockets 27% and profits soar

Keystone Law has made last year’s 11% uptick in turnover look ordinary by comparison, today (28 April) announcing an eye-catching 27% boost in revenues from £55m to £69.6m.

This rate was bettered by the profitability increase: adjusted profit before tax stood at £9.1m, representing a pacey 52% jump from last year’s £6m figure. Overall, Keystone is in a healthy financial position, boasting zero debt and a strong operating cash conversion of 103%, with cash generated from £10m in operations.

Continue reading “Keystone hails £400k saving on overheads as revenue rockets 27% and profits soar”

‘Continuing our growth story’: Noerr sees 9% growth as revenue reaches €297m

Posted on |
‘Continuing our growth story’: Noerr sees 9% growth as revenue reaches €297m

Noerr has continued its recent trajectory of growth by posting a global top line of €297m across 2021, up by 9% from the €271.6m recorded a year earlier.

The Munich-headquartered  Euro Elite outfit, which attributes its success to mandates from listed companies, German and international private equity companies and large family-run companies, saw even stronger growth within Germany, generating revenues of €277.3m, a 10% improvement on previous figures. Continue reading “‘Continuing our growth story’: Noerr sees 9% growth as revenue reaches €297m”

Paul Hastings toasts quarter century in London with 41% City revenue surge

Posted on |
Paul Hastings toasts quarter century in London with 41% City revenue surge

In what the firm is hailing as ‘its best financial year ever’, Paul Hastings has posted an eye-catching 41% growth in City turnover from $108.6m to $157.2m.

Globally, Paul Hastings did not fare much worse, with worldwide turnover jumping 20% from $1.31bn to $1.57bn. This was accompanied by a 21% hike in profit per partner (PPP), which grew from $3.9m to $4.7m.

Continue reading “Paul Hastings toasts quarter century in London with 41% City revenue surge”

‘Record revenues’ for Garrigues as turnover breaks €400m barrier

Posted on |
‘Record revenues’ for Garrigues as turnover breaks €400m barrier

Garrigues has seen a 7% rise in revenue for the 2021/22 financial year, enabling it to become the first Iberian law firm to post revenues in excess of €400m.

The Madrid-headquartered firm, which in total billed €414.2m throughout the year, has largely the success of its domestic offering to thank for this uptick. The Spanish practice, which spans 18 offices, generated €361.4m – an increase of 7.4% compared with the previous year.

Continue reading “‘Record revenues’ for Garrigues as turnover breaks €400m barrier”

‘Dramatic expansion’: Goodwin’s London turnover spikes 63% amid lateral bonanza

Posted on |
‘Dramatic expansion’: Goodwin’s London turnover spikes 63% amid lateral bonanza

The London office of Goodwin has seen revenue soar 63% in 2021/22 amid a surge in lateral hires over the year, the firm’s latest financial results reveal.

The City arm reported turnover of $161.8m, up from $99.1m last year. This striking gain follows the firm’s bullish revenue growth of 72% between 2015 and 2021. Continue reading “‘Dramatic expansion’: Goodwin’s London turnover spikes 63% amid lateral bonanza”