Mills & Reeve’s turnover rose by double digits in 2023/24 to a new record high that has resulted in the firm’s highest-ever all-staff bonus pool of £3m. The firm’s turnover rose by 14.1 per cent to £168m, beating its 2025 strategic target of £150m a year ahead of schedule. The firm has not yet revealed […]
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 […]
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 […]
Ashurst’s boss has pledged that the firm will hit the £1bn revenue mark in its next round of results, after growth of 9 per cent in 2023/24. The firm’s turnover went up from £879m to £961m, which was more or less in line with its 10 per cent uplift in the previous financial year. Average […]
Charles Russell Speechlys (CRS) achieved double-digit growth in revenue and net profit for the financial year ending 30 April, with firmwide revenue reaching £218.3m. The firm saw revenue grow by 13 per cent on the previous year with revenue in the UK increasing by 12 per cent to £174.4m. Firmwide net profit increased by 20.5 […]
Brodies has posted a 7.5 per cent rise in fee income for its financial year to 30 April, the Scottish firm’s 14th consecutive year of revenue growth. Turnover rose from £106.3m to £114.3m. The bottom line grew less significantly, with operating profit up by 1 per cent from £48.6m to £49.2m and average profit per […]
Revenue at Hill Dickinson reached £141.3m last year, subject to audit, while net profit exceeded £50m. The firm grew revenue by 9 per cent, up from the previous year’s £129.6m. Hill Dickinson has now grown 56 per cent from the £90.5m it generated in 2019, marking six years of consecutive growth. All three of the […]
Clyde & Co has seen its global topline grow by 10 per cent over 2023/24, rising from the previous year’s £788.6m to £845m. In its second full financial year since its £11m acquisition of BLM, the firm’s profit has also increased by 3 per cent to £174.4m. The UK now accounts for 47 per cent […]
Allen & Overy’s turnover rose 3 per cent in the financial year running up until its merger with Shearman & Sterling, while profits soared by 17 per cent. The results only cover legacy A&O’s financial year 2023/24. The firm said its client revenue rose 3.4 per cent from just over £2.1bn to £2.2bn, an increase […]
After a significant rise in its results over 2022/23, Watson Farley & Williams has reported another year of double-digit growth in which global income increased by 11 per cent. Income reached £238.4m, climbing from 2022/23’s figure of £215m. Overall profit saw a 7 per cent increase from £62.3m to £66.8m. Average profit per equity partner […]
Shoosmiths has capped off the 2023/24 financial year with a 6 per cent rise in revenue to £206.7m, taking the firm’s topline past £200m for the first time. Profits and average profit per equity partner were also recorded to have gone up at the firm, the former climbing by 5 per cent to £66m and […]