PEP has long been a marker for firms of profitability, efficiency, even excellency. Firms brandish them as badges of honour and headlines report on them every year. PEP up! PEP down! Firm bucks trends as PEP rises amid economic downturn! The obsession is rife, and has long been thought to showcase how well a firm […]
Lawyers across Kirkland & Ellis are celebrating their promotion to partner, as the firm looks set to announce its annual round later on today. While the full list will be available later, a large group of London lawyers are expected to make the cut. Over the summer, the biggest story emerging from the firm was […]
The Solicitors Regulation Authority (SRA) is liaising with law enforcement authorities over allegations made regarding embattled firm Axiom Ince, as the Metropolitan Police Service confirms a referral was passed on by the regulator. In August, the regulator suspended three partners from Axiom Ince, the firm that acquired Ince Group just four months before and was […]
Has the Covid-19 pandemic and the economic turmoil put an end to extravagant City law firm cascades?
PEP has long been a marker for firms of profitability, efficiency, even excellency. Firms brandish them as badges of honour and headlines report on them every year. PEP up! PEP down! Firm bucks trends as PEP rises amid economic downturn! The obsession is rife, and has long been thought to showcase how well a firm […]
Lawyers across Kirkland & Ellis are celebrating their promotion to partner, as the firm looks set to announce its annual round later on today. While the full list will be available later, a large group of London lawyers are expected to make the cut. Over the summer, the biggest story emerging from the firm was […]
The Solicitors Regulation Authority (SRA) is liaising with law enforcement authorities over allegations made regarding embattled firm Axiom Ince, as the Metropolitan Police Service confirms a referral was passed on by the regulator. In August, the regulator suspended three partners from Axiom Ince, the firm that acquired Ince Group just four months before and was […]
Has the Covid-19 pandemic and the economic turmoil put an end to extravagant City law firm cascades?
Magic circle firm Allen & Overy is mulling a sale of its legal risk management division prior to its merger with Shearman & Sterling. Aosphere is part of A&O’s advanced delivery and solutions offering, which also includes A&O consulting and flexi-lawyer business Peerpoint. Divisions performed well over the last financial year, with revenue across this […]
Does anyone need any confirmation of the gradual takeover of the City by rampaging US law firms? No, thought not. If, however, your answer is yes, then more evidence of the Americanisation of London can be found in the upcoming edition of the UK Corporate 50. Much of the focus in this year’s report is […]
Mexico is set to welcome thousands of lawyers later this year when the capital city plays host to the International Bar Association’s (IBA) showpiece event. Partners and support staff will mingle from dawn until way after dusk, discuss strategies and scan way off into the horizon. However, Mexico’s been high on the interest list for […]
At times, Clyde & Co appeared dangerously close to squandering the growth opportunities presented by its July 2022 acquisition of BLM. The firm’s most recent financials, however, suggest BLM was the fuel Clydes needed to grow in the UK. Not that it has been without casualties, with a significant proportion of former BLM partners having […]
The M&A rankings for the first half of 2024 confirmed one thing we already felt was true: that Linklaters and Slaughter and May have had a lot of acquisitive or targeted clients this year. According to data provided by the London Stock Exchange Group, the pair rank first and second respectively in terms of the […]
When Stephenson Harwood chief executive Eifion Morris set a target for doubling revenue to £400m by 2027, he knew it would be a tough challenge. “A profitable growth strategy will probably take more than individual lateral joiners and internal promotions to achieve,” he told The Lawyer back in 2021. This protective view came as the […]
Herbert Smith Freehills’s revenue hit £1.3bn over 2023/24, while profits soared by 14 per cent after a small uptick was recorded in the previous year’s results. The firm’s revenue was up 10 per cent from its last financial results of £1.186bn. Profits saw a double digit burst for the financial year, with HSF reporting a […]
Freshfields Bruckhaus Deringer and Slaughter and May have released their retention results for the September cohort, achieving 86 per cent and 84 per cent respectively. There are 37 trainees staying on in newly-qualified positions at Freshfields out of the 43-sized cohort. Slaughters is keeping one fewer trainee from the same sized batch of trainees, meaning […]
Kingsley Napley will give bonuses to staff three months early after a highly profitable year, which saw the firm’s net profit increase by 120 per cent. Managing partner Linda Woolley told The Lawyer that the results were a sign that the firm’s investments in the prior years had come through, following the firm’s challenging year […]
Morton Fraser MacRoberts has posted a 2 per cent rise in revenue in its first set of financial results since the 1 November merger of legacy firms Morton Fraser and MacRoberts. The increase takes the total revenue at the recently-merged Scottish firm to £47.5m, which should be enough to propel Morton Fraser MacRoberts into the […]
The French legal market has welcomed a new boutique this week as CGR Avocats opens its doors following the breakup of its predecessor firm earlier this year. European 100 firm LPA-CGR Avocats finally split in May, bringing an end to the seven-year partnership between Lefèvre Pelletier & Associés and CGR Legal. CGR Avocats relaunched at […]