Harbottle & Lewis has announced its firmwide revenue after switching its financial year-end due to new HMRC tax rules. The firm managed to surpass £50m for the first time over a 12-month period. HMRC’s rules, which took effect from the 2023/24 financial year starting 6 April, seek to simplify tax payments by taxing a business’ […]
Scottish firm Dickson Minto’s revenue is understood to have risen by 20 per cent in its first financial year since the firm effectively split in two, with the bulk of its London office decamping for Milbank. The firm has also converted to LLP status, a particularly significant development in the context of Dickson Minto in […]
National firm Browne Jacobson saw turnover grow by 12 per cent in 2023/24, passing £118m. The Midlands-heritage firm has made a number of strategic moves in the last financial year, opening in Cardiff in the second half of 2023 and bagging a commercial and technology team from EY as it attempts to scale up in London. […]
Birketts has recorded double-digit revenue growth for the 2023/24 financial year and is set to open an office in Bristol as it pursues a strategy of becoming a law firm that spans “the Wash to the Severn.” With six offices in the South East and East Anglia, this is an entry into a new region, […]
South: A couple of weeks ago Lester Aldridge and Mackrell Solicitors announced their forthcoming merger. Beyond the Bubble, in association with LexisNexis, caught up with the former firm’s managing partner Matthew Barrow to get the lowdown on what it means for the two firms. For South Coast firm Lester Aldridge, this is very much a move […]
Dutch firm De Brauw Blackstone Westbroek grew by 9 per cent in the 2023 financial year, recording a record revenue of €192.7m (£164m). The result sees it fall desperately short of double-digit growth from the previous year’s €176.8m (£150.5m). The firm saw a series of significant outlays to its cash position over the course of […]
Portugal’s Abreu Advogados fell short of hitting the €50m revenue mark for the first time in its history after revenue surged by almost a fifth in last year. The firm’s top-line grew to €49.7m (£42.8m) from the previous year’s €41.7m. Managing partner Inês Sequeira Mendes praised the firm’s growth, but poured cold water on any […]
Revenue at Reed Smith’s London office has tumbled for a second year in a row, yet the firm expects an uptick soon as investments begin to “bear fruit”. Reed Smith’s London office revenue dropped 6.3 per cent to $214.4m in 2023 from $228.8m the previous year, while revenue per lawyer (RPL) also dipped by 4.9 […]
With the 2023/24 financial year-end just days away, law firm leaders are doing everything they can to make sure no bill is left unsent and no debt is left uncollected. For many firms, that process will include turning to a raft of new technology solutions to try and speed up the cashflow process. However, at an […]
3 Paper Buildings’ revenue has grown by 17.8 per cent to £35.8m over the past financial year. The national set’s nearly 18 per cent rise over the 2023/24 period from £30.4m swamps its rise of 5 per cent the previous financial year. The set’s ‘receipts’, or its money received, saw a 14.3 per cent rise from […]
German firm Noerr has announced its financial results for 2023, marking a significant point in its history as having generated more €300m in its domestic market for the first time. Globally the firm generated €333.1m across all its offices. The results marked an increase of 5.7 per cent on 2022, when the firm achieved a […]
As US firms pile in to report their 2023 financials, Cooley has announced its London office turnover rose to over $100m last year. The firm increased its City revenue by 8 per cent to $103.1m, having fallen to $95.2m the prior year. This isn’t the first time the firm has generated over $100m in London. […]