Rachel is deputy editor (City) of The Lawyer and primarily covers corporate and the City
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 […]
Attention turned to Linklaters’ US advances when its financials were released this week, and tied into that, its well-publicised partner losses to US firms in London. Since last summer, four of its partners have joined Paul Weiss, although it feels like much more. Added on to that are the many Linklaters alum who swapped the […]
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 […]
The former bosses of Melrose Industries is listing a new company – Rosebank – on the alternative investment market (AIM), with Simpson Thacher & Bartlett advising on the float. Simpson Thacher partner Adam Signy has long advised Melrose in its acquisition deals and is at the helm of this listing along with partner Lucy Gillett. […]
Following the departure of a partner to Sidley Austin, Travers Smith is adding a new member to its infrastructure finance team. Ryan Ayrton joins from Watson Farley & Williams, where he has been a partner since 2022. Prior to this, Ayrton had spent his whole legal career at Linklaters. His arrival follows the exit of […]
Linklaters’ revenue has surpassed the £2bn mark for the first time, after increasing its topline by 10 per cent. The firm’s turnover rose to £2.1bn in the last financial year. Over 2022/23, turnover went up by 6.6 per cent from £1.78bn to £1.9bn. Alongside the revenue increase, pre-tax profit also grew by 10 per cent […]
Firms love targets and lovely round numbers often form part of a new leader’s strategy for growth. This year alone, Ward Hadaway has set out plans to hit £100m by 2034, while Scottish firm Blackadders wants to hit £25m in 2025/26. But which firms are on course to hit new and exciting numbers when they […]
The staggered closure of six King & Wood Mallesons offices has been completed ahead of time, nearly a year after the firm agreed to a co-operation deal with Eversheds Sutherland. The agreement was struck between Eversheds Sutherland’s international LLP and KWM (China) LLP last July. It saw KWM shutter offices in Brussels, Frankfurt, Milan, Madrid, […]
With the Post Office Horizon inquiry set to continue throughout the year, Burges Salmon has been awarded a new contract for advice provided to the company. The contract is valued at £16m and lasts until May 2025. This is understood to be in addition to an existing contract worth £22.5m that the firm picked up […]
Having already hired Allen & Overy’s Philip Bowden, Proskauer Rose is growing its leveraged finance team even more with new recruits from the newly-merged firm and Cahill Gordon & Reindel. Leveraged finance partner Megan Lawrence is due to join Bowden at Proskauer. She was promoted to partner at A&O in 2022 having been at the […]
Having expanded its European presence over 2023/24, Fieldfisher has reported a strong year of financial growth with revenue up 10 per cent. The 10 per cent growth relates to an 11-month period to 31 March, after the firm decided to bring its year-end date forward ahead of HMRC basis period reform changes. The firm has […]
Paul Hastings is expecting to generate over $200m (£158m) in its London office this year after investments made across its finance and litigation groups. The firm is estimated to have brought in $174m (£138m) over 2023, meaning it is looking to grow its revenue in the City by at least 15 per cent in this […]