Travers Smith has reported a positive year of financial growth, with revenue up 9 per cent and profits up 22 per cent. Revenue over 2023/24 increased from £197.5m to £215m. This comes after a static year for the firm over 2022/23 in which turnover inched up 1 per cent. The boost in revenue helped the […]
Net profit at Mishcon de Reya fell by 3.4 per cent last year, while revenue hit £300m for the first time. Mishcon’s net profit dropped from £93m to £90m following several investments, including launching an office in Saudi Arabia, acquiring a majority stake in group action business Somos, and completing the integration of the Taylor […]
Stewarts’ revenue hit £95.2m in 2023/24, up 12 per cent from the previous year’s £85.1m, as the firm eyes sector and headcount growth. Net profit rose by 19 per cent from £25.6m to £30.4m, while profit per equity partner increased by 16.3 per cent to £1.42m. The disputes-only firm agreed on a new lease for […]
Stevens & Bolton has recorded growth of 20 per cent as it celebrates 150 years in business. The Guildford firm shortened its financial year to 11 months to accommodate Basis Period Reform, and so hit £38.8m in revenue for 2023/24, up 20 per cent on the same period the previous year. Grossed-up on a 12-month […]
TLT’s transition into national firm territory has been solidified after the firm posted a 12 per cent revenue rise from £157m to £174m. It has been a year of expansion for TLT, with the firm moving into Birmingham for the first time after taking a team of 10 from Shoosmiths. That group hire has helped […]
Clifford Chance’s revenue hit £2.3bn in 2023/24, up 9 per cent from the previous year when it broke through the £2bn revenue barrier for the first time. Net profit was up 10 per cent last year from £781m to £856m, an improvement from the previous year when the firm’s net profit remained flat. Profit per […]
Simmons & Simmons’ revenue has hit £574m in 2023/24, up 10 per cent from the previous year when it cleared the £500m revenue barrier. Net profit was up 8 per cent last year from £189m to £204m, while profit per equity partner saw a 7 per cent rise, from £1.001m to £1.076m. Simmons’ managing partner […]
Taylor Wessing’s revenue reached £480.7m (€562m) in the last financial year, as it aims for €1bn globally by 2028. The rise of nearly 10 per cent in sterling is a significant increase on its 2022/23 results in which global turnover crept up by 4 per cent to £439m. Its UK offices contributed over half of […]
Macfarlanes’ financials have shot right back up after taking a tumble in the previous financial year, with its average profit per equity partner hitting £2.6m. The firm’s last three financial results have been very up and down, with 2021/22 marking a record-breaking year of double-digit growth, leading to a decline in 2022/23. The 2023/24 signals […]
Bird & Bird CEO Christian Bartsch has said that he “would not say no” to the idea of a US merger after revealing that the firm broke through the £500m mark for the first time in its history. Bartsch was speaking as the firm published its financial results for the 2023/24 year. Though a US […]
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 […]